Illuminati Press
Latest news from around the world.

AGL strikes deal to buy biogas firm in low-carbon energy shift

0


Ahead of AGL’s proposed demerger to split off its carbon-intensive coal and gas-fired power stations, which goes to a shareholder vote in June, the company said it intended to house Energy360 within the carbon-neutral AGL Australia entity, which would own AGL’s power, gas and telecommunications retailing divisions and some cleaner energy assets.

“This sustainable energy solution will complement our existing solar and battery products, helping customers on the path to decarbonisation,” Corbett said.

Energy360 chief executive Samantha Lamond said it was fitting that AGL, one of Australia’s biggest investors in renewable energy, was making a commitment to invest in ’renewable gas for a zero-carbon future”.

“There are some enormous opportunities for businesses to engage with this proven zero-emissions, renewable gas solution, and we are very excited to be partnering with AGL to deliver this technology,” she said.

The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning.



Source link

Leave A Reply

Your email address will not be published.