Origin Energy is planning to build a large-scale battery in every state of the National Electricity Market.
👉 Background: Origin Energy is one of the leading providers in Australia of electricity and gas. Since the 1960's, they've grown into a beast of a company - we're talking over 4 million customers.
👉 What happened: Now, Origin is planning to build a large scale battery in every state of the National Electricity Market. And it's already committed to a $600 million deal to develop a whopper battery at a coal-power generator site in NSW.
👉 What else: The idea is to copy and paste huuuuge batteries across parts of Australia... And it ain't just sustainable - Origin plans to use these batteries to profit from the energy market's volatility.
💡For professional investors, volatility shouldn't be feared... but actually embraced as an opportunity to profit.
💡Even though most of us get our electricity bill at a flat rate, electricity prices can change massively throughout the day.
💡With these new batteries, Origin can purchase a heap of electricity during cheaper periods, store it in their batteries and sell them at the fixed cost to customers. Buy low, sell high.
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