{"id":22255,"date":"2024-10-11T11:59:00","date_gmt":"2024-10-11T01:59:00","guid":{"rendered":"https:\/\/www.originenergy.com.au\/blog\/?p=22255"},"modified":"2024-11-11T13:37:22","modified_gmt":"2024-11-11T03:37:22","slug":"helping-accelerate-the-energy-transition","status":"publish","type":"post","link":"https:\/\/www.originenergy.com.au\/blog\/helping-accelerate-the-energy-transition\/","title":{"rendered":"How we\u2019re helping accelerate Australia\u2019s energy transition\u00a0"},"content":{"rendered":"\n

Australia is moving away from traditional energy sources that have kept our lights on for generations, to a cleaner energy system \u2013 powered predominantly by renewables. As one of the nation\u2019s largest energy retailers, we recognise we have an important role to play in the energy transition. Here are some of the ways we\u2019re supporting decarbonisation<\/a> whilst ensuring no one is left behind.   <\/p>\n\n\n\n

We’re committed<\/h2>\n\n\n\n

In 2015, Origin became the first energy company in the world<\/a> to commit to the first seven We Mean Business Coalition\u2019s commitments. The We Mean Business Coalition<\/a> is a global non-profit coalition and outlines a framework<\/a> to accelerate business climate action for a net zero, 1.5\u00b0C-aligned world. We report on our progress each year in our Sustainability Report<\/a>. <\/p>\n\n\n\n

Our Climate Transition Action Plan (CTAP)<\/h2>\n\n\n\n

Our Climate Transition Action Plan<\/a> outlines our ambition to lead the energy transition through cleaner energy and customer solutions. It details the targets we\u2019ve set to accelerate emissions reduction<\/a> across our business. Importantly, our medium-term equity emissions intensity target and long-term net ambition to be net zero emissions across our full value chain by 2050, are consistent with the goals of the Paris Agreement<\/a>.<\/p>\n\n\n\n

Future-proofing our generation assets<\/h2>\n\n\n\n

With Eraring Power Station\u2019s closure slated for August 2027, we\u2019re future-proofing Australia\u2019s largest power station. We\u2019ve committed to the construction of a large-scale battery at Eraring<\/a>. The first phase of the project consists of a 460 MW two-hour battery located adjacent to the power station, with an operational target date of late 2025. Construction of the second stage of the battery is scheduled to begin in early 2025<\/a>, and come online in the first quarter of 2027, adding a further 240MW with a dispatch duration of four hours. <\/p>\n\n\n\n

As one of the most flexible power stations in the National Electricity Market (NEM), it\u2019s playing an important role in supporting Australia\u2019s transition to renewable energy sources<\/a>, while continuing to provide reliable and affordable energy to our customers. <\/p>\n\n\n\n

Accelerating our investment in renewable energy<\/h2>\n\n\n\n

We\u2019re developing a range of projects to expand our renewables portfolio<\/a> and help lead the energy transition<\/a>.<\/p>\n\n\n\n

Solar energy<\/h3>\n\n\n\n