Latest Electric Utilities News

ikeGPS Group reports a robust first half of FY26 with a 47% increase in subscription revenue exit run rate and launches AI-driven PolePilot™ to boost productivity and ARPU.

Contact Energy's September 2025 report reveals a modest dip in sales volumes but improved netback prices and significantly lower generation costs, alongside robust hydro storage and advancing renewable projects.

Meridian Energy's August 2025 report reveals a decline in hydro storage levels alongside a notable increase in electricity demand and retail sales, highlighting operational challenges and market dynamics.

Meridian Energy posted a significant net loss for FY25 due to severe droughts and gas shortages but pushed ahead with renewable investments and maintained shareholder dividends.

Pointerra Limited reported a strong FY25 with revenue up 45% to A$11 million and a significant reduction in net loss by 68%, driven by scalable SaaS growth and key US contract wins.

Contact Energy's July 2025 report reveals stable electricity sales with improved netback prices and significantly reduced generation costs, alongside ongoing investments in renewable projects.

ikeGPS has dramatically exceeded its $2 million target in a recent share purchase plan, raising over $8 million to fuel its growth ambitions. The strong shareholder backing underscores confidence in the company’s strategic direction.

Sovereign Metals has marked significant progress at its Kasiya Rutile-Graphite Project in Malawi, completing key geotechnical studies and securing a power supply framework. New US tariffs on Chinese graphite elevate Kasiya’s strategic importance as a low-cost alternative.

ikeGPS reports a robust 29% increase in annual platform subscription revenue exit run rate for 1Q FY26, reiterating strong FY26 growth guidance and securing A$18 million in fresh capital to fuel expansion and new product development.

Contact Energy's June 2025 report reveals stable mass market electricity and gas sales with improved netback prices, alongside rising wholesale revenues and ongoing renewable energy investments.

ikeGPS Group Limited has announced a fully underwritten A$18 million placement and a A$2 million share purchase plan to fund new product development and expand its market leadership in North America's utility software sector.

Contact Energy's May 2025 report reveals a decline in mass market sales yet highlights improved generation efficiency and rising netback prices, alongside steady progress on key infrastructure projects.