-
by maulida nuf fadilah
- April 19, 2025
- 0 Comments
Company Revenue: A$12.1 Billion (FY 2024)
CEO: Frank Calabria
Location: Barangaroo, Sydney, New South Wales, Australia
Introduction
Origin Energy stands as one of Australia’s foremost integrated energy companies, delivering comprehensive solutions across electricity generation, natural gas exploration, and retail energy services. With a commitment to innovation and sustainability, Origin plays a pivotal role in shaping the nation’s energy landscape.
Company Overview
Established in 2000, Origin Energy has evolved into a leading energy provider, serving over 4.5 million customer accounts across Australia. The company’s operations span various segments, including Energy Markets, Integrated Gas, and a strategic investment in Octopus Energy. Headquartered in Barangaroo, Sydney, Origin employs approximately 5,000 individuals dedicated to delivering reliable and sustainable energy solutions.
Financial Performance
In the fiscal year ending June 30, 2024, Origin Energy reported a revenue of A$12.1 billion, reflecting robust performance across its business segments. The company achieved a statutory profit of A$1.397 billion, marking an increase from A$1.055 billion in the previous year. Underlying profit rose to A$1.183 billion, primarily driven by higher earnings in the Energy Markets and Integrated Gas divisions.
Energy Generation and Infrastructure
Origin operates a diverse portfolio of power generation assets, contributing significantly to Australia’s electricity supply. The company’s generation capacity includes:
- Eraring Power Station: Located in New South Wales, it is Australia’s largest power station with a capacity of 2,880 MW.
- Darling Downs Power Station: A 630 MW gas-fired combined cycle power station in Queensland, utilizing coal seam gas.
- Mortlake Power Station: A 566 MW open-cycle gas-fired power station in Victoria, supplying electricity to the state’s grid.
These assets underscore Origin’s commitment to providing reliable and efficient energy to meet Australia’s growing demand.
Integrated Gas and LNG Operations
Origin holds a 37.5% stake in Australia Pacific LNG (APLNG), a joint venture with ConocoPhillips and Sinopec. APLNG is a significant producer of coal seam gas, supplying both domestic markets and exporting liquefied natural gas (LNG) to international customers. In the 2023/24 financial year, APLNG’s production increased by 3% to 694 petajoules, with 150 PJ sold into the domestic market.
Retail Energy Services
Origin’s Energy Markets segment provides electricity, natural gas, and LPG to residential, commercial, and industrial customers. The company has expanded its offerings to include electric vehicle (EV) packages, digital energy insights, and demand management solutions through its business and industrial arm, Origin Zero. This diversification reflects Origin’s commitment to meeting evolving customer needs and supporting Australia’s transition to a low-carbon economy.
Commitment to Sustainability
Origin is dedicated to achieving net-zero direct and indirect emissions by 2050. The company is investing in renewable energy projects, battery storage, and innovative technologies to support this goal. Notably, Origin is developing a 300 MW / 650 MWh grid-scale battery at the Mortlake Power Station site, enhancing grid stability and facilitating the integration of renewable energy sources.
Community Engagement and Support
Recognizing the impact of rising energy costs on households, Origin has committed $100 million to support its most vulnerable customers. Initiatives include freezing tariffs for eligible accounts and providing assistance programs to manage energy bills. These efforts demonstrate Origin’s commitment to social responsibility and community well-being.
Leadership and Governance
Under the leadership of CEO Frank Calabria, Origin Energy continues to navigate the dynamic energy sector with a focus on innovation, sustainability, and customer-centric solutions. The company’s governance framework emphasizes transparency, ethical conduct, and stakeholder engagement, ensuring long-term value creation for shareholders and the broader community.
Conclusion
Origin Energy’s integrated approach to energy generation, retail services, and commitment to sustainability positions it as a key player in Australia’s energy transition. Through strategic investments, customer-focused initiatives, and a dedication to environmental stewardship, Origin is poised to meet the challenges of the evolving energy landscape and contribute to a sustainable future.
