AGL Australia to acquire biogas specialist Energy360
AGL operates Australia’s largest electricity generation portfolio, with an operated generation capacity of 10,984 MW, and is the country’s largest private investor in renewable energy.
AGL’s chief customer office, Christine Corbett, said zero-emissions gases like biomethane have an important role to play in Australia’s decarbonisation, providing a reliable, low-emission source of energy.
“As Australia’s energy transition continues to move at pace, we want to ensure we are offering our customers the most innovative energy solutions so they can lower costs and achieve their sustainability goals,” said Corbett.
“We know high-emissions businesses with high temperature process requirements are looking for the best solutions that maintain reliability but also allow them to achieve sustainable operations now and into the future.”
AGL is already Australia’s largest provider of commercial solar. The acquisition of Energy360 will complement its existing solar and battery products to support customers on the path to decarbonisation.
Corbett added: “Bioenergy is a growing industry and one we expect to accelerate over the next decade while also contributing significantly to regional local economies.
“We welcome to the expertise of the Energy360 team as they become part of AGL, strengthening the products and services we can offer our business customers.”
Samantha Lamond, Energy360’s CEO, said the company is excited to form a partnership with AGL’s renewable energy strategy and redefine Australia’s energy landscape.
“It fits that one of Australia’s largest investors in renewable energy is committed to investing in renewable gas for a zero-carbon future,” said Lamond.
“There are some enormous opportunities for businesses to engage with this proven zero-emission, renewable gas solution, and we are very excited to be partnering with AGL to deliver this technology.”