Origin Energy

What Origin Energy does

Origin Energy (ASX: ORG) is an Australian integrated energy company that supplies electricity, natural gas, internet (nbn/Opticomm), LPG, and electric vehicle services to residential, small business, and enterprise customers across all Australian states and territories. Its operations span the energy value chain: retail energy supply, ~37.5% interest in the APLNG joint venture (LNG export plus east coast domestic supply), large-scale renewable generation including the 1.5GW Yanco Delta Wind Farm, grid-scale battery storage at Eraring (3,160MWh with Wärtsilä Stage 4) and Mortlake (650MWh grid-forming BESS with Fluence), Origin Loop virtual power plant orchestration, and the Origin 360 EV fleet and subscription business. The company is also a 22.7% economic interest holder in the newly independent Kraken Technologies software platform (spun off in 2026 at an $8.65B valuation) and a 23% stakeholder in Octopus Energy, with the AustralianSuper-blocked 2023 Brookfield acquisition bid ($13B) a notable prior corporate event.

The core technology stack combines the Kraken cloud-based retail platform (managing 4.5M Origin Australian accounts and 70M+ global utility accounts including E.ON, EDF, and Tokyo Gas), grid-forming BESS inverters at Mortlake that mimic synchronous generators for grid stability, IoT retrofit gas metering modules deployed with Landis+Gyr, and a VPP layer integrating Fox ESS, FranklinWH, and community batteries with bi-directional EV charging via the BYD/StarCharge V2G trial. Origin serves enterprise and large commercial customers (Origin Zero brand, typically ~100MWh+ electricity or >1TJ gas annually) through dedicated account managers offering tailored solar PPA, demand response, and FCAS programmes via the EnergyZone portal.

Revenue is generated through subscription-based retail electricity and gas contracts, bundled energy+internet+rewards plans (Everyday Rewards, Allianz insurance, EG fuel discounts, movie vouchers), long-term battery storage tolling agreements (Quinbrook Supernode, Palisade Summerfield), enterprise multi-year Origin Zero contracts, Origin 360 EV Flex Plan subscriptions, and APLNG commodity income. H1 FY2026 statutory profit was A$557M and underlying profit A$593M, with Energy Markets and Integrated Gas each delivering A$860M EBITDA and FY2026 Energy Markets EBITDA guidance upgraded to A$1.55-1.75B.

Name

Origin Energy

Legal name

Origin Energy Ltd

Website

https://originenergy.com.au

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Origin Energy is an ASX-listed Australian integrated energy company supplying electricity, gas, internet, LPG, EV, and battery services to residential, SMB, and enterprise customers, with interests in APLNG (37.5%), Kraken Technologies (22.7%), and Octopus Energy (23%), and a major pipeline in renewables and grid-scale storage.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Retail Electricity and Gas Sales: Residential and business customers pay for electricity and gas supply under variable or fixed-rate market contracts. Revenue is driven by customer count, consumption volumes, and retail margin. Default market offer and market offer pricing structures apply across Australian states.
2. Internet and Telecommunications Services: Broadband internet services delivered over NBN and Opticomm networks to residential and business customers, sold as standalone plans or bundled with energy.
3. Australia Pacific LNG (APLNG) Joint Venture: Origin holds ~37.5% stake in APLNG (Origin-operated), producing LNG for export and supplying gas to east coast Australia. Q3 APLNG commodity revenue reported at A$481M. Subject to 20% domestic gas reservation policy from July 2027.
4. Large-Scale Renewable Generation: Origin develops and operates wind farms (Yanco Delta 1.5GW), solar farms, and battery storage. Revenue supported by Capacity Investment Scheme agreements providing revenue certainty. Eraring coal retirement extended to April 2029.
5. EV Fleet and Charging Solutions: Origin 360 EV Fleet provides electric vehicle subscription, operating lease, and charging infrastructure services to business fleets. Revenue from monthly subscriptions, fleet management fees, and charging infrastructure deployment.
6. Octopus Energy / Kraken Stake: Origin holds ~22.7% economic interest in Octopus Energy and ~23% stake in Kraken Technologies post-separation. Kraken raised $1bn equity at $8.65bn valuation; Origin committed $140M to the first standalone raise. Octopus/Kraken FY2026 earnings guidance cut to range of -A$70M to +A$30M due to UK regulatory changes and adverse winter weather.
7. Battery Storage Tolling Agreements: Origin enters long-term tolling agreements with battery developers (Quinbrook Supernode, Palisade Summerfield) to access battery storage capacity for grid management and wholesale market participation.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Origin Energy is an integrated Australian energy retailer that supplies electricity and natural gas to residential, small business, and enterprise customers across all states and territories. Its portfolio extends beyond energy into NBN/Opticomm broadband internet, residential solar and battery systems, LPG bottled gas, and electric vehicle subscriptions and fleet services. The company also operates the Origin Loop virtual power plant, large-scale battery storage at Eraring and Mortlake, and the Origin Zero enterprise division offering solar PPAs, demand response, and FCAS grid services.

Product overview

Origin Energy operates as an integrated energy retailer offering a multi-product portfolio for Australian consumers. The core offering comprises retail electricity and gas plans, supplemented by internet services (nbn/Opticomm), solar and battery solutions, LPG, and electric vehicle services. Key products include: Origin Loop Virtual Power Plant for distributed energy management; Origin 360 EV for fleet electrification and EV subscriptions; Origin Zero (enterprise division) serving large businesses with demand response, FCAS, and commercial solar solutions via the EnergyZone platform; and loyalty programs including Origin Rewards and Everyday Rewards. The portfolio is distributed across residential, small business, and enterprise customer segments.

Differentiator

Problem solved

Functional benefit

Brands

• Origin 360 EV: Electric vehicle fleet solutions and subscription services for businesses, including EV charging infrastructure, fleet management, and the EV Flex Plan offering.
• Origin Loop
• Origin EnergyZone

Products and services

• Origin Electricity & Gas Plans Retail electricity and natural gas supply plans for Australian households and businesses, with various rate structures (variable and fixed), solar feed-in tariffs, and bundled reward programs across all states and territories.
• Origin Internet (nbn/Opticomm) Broadband internet services delivered over NBN and Opticomm networks with multiple speed tiers, unlimited data, optional eero 7 or TP-Link VX230v WiFi routers, and ability to bundle with energy plans.
• Origin Solar & Batteries (Residential) Residential rooftop solar panel systems and home battery storage solutions with purchase, rental, and finance options, eligible to participate in the Origin Loop virtual power plant.
• Origin LPG Bottled Gas LPG bottled gas delivery service with real-time delivery tracking for households and businesses.
• Origin Loop Virtual Power Plant Virtual power plant that aggregates distributed home solar batteries, EV chargers, and community storage to deliver grid services, demand response, and FCAS revenue for participating customers.
• Origin 360 EV Fleet and Flex Plan End-to-end electric vehicle fleet management and subscription service for businesses, including vehicle supply, charging infrastructure deployment, fleet electrification planning, and an all-inclusive monthly Flex Plan covering registration, insurance, servicing, roadside assistance, and mileage.
• Origin Zero (Enterprise Energy Solutions) Tailored energy solutions brand for large commercial and industrial businesses, offering electricity, gas, solar PPA, battery storage, demand response, FCAS, and decarbonisation planning managed by dedicated account managers.
• Commercial Solar & Battery PPA Large-scale commercial solar power purchase agreements (PPAs) and battery storage solutions for business customers with $0 upfront capital requirement, providing renewable energy supply and grid services revenue.
• Origin Rewards Customer loyalty program providing discounts, bonus offers, and partner benefits including Woolworths Everyday Rewards points, EG fuel discounts (up to 10c/L), Allianz insurance, movie discounts, Spike program, and Refer-a-Friend credits.
• EnergyZone Enterprise Portal Self-service online portal enabling commercial and industrial customers to review contracts, download bills and usage reports, check payment history, assess solar suitability, and explore flexible energy purchasing options.

Quantifiable outcome

• Energy Markets EBITDA guidance of A$1.55–1.75B for FY2026, upgraded from A$1.4–1.7B
• +5 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability2 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Landis+Gyr GroupcoreTechnology or Integration · 12 June 2026Landis+Gyr partnered with Origin Energy to deploy smart digital IoT retrofit modules across Origin's Australian gas network, enabling remote meter readings and near real-time usage data without disrupting gas supply. The 18-month project covers households and businesses and is described as one of Australia's first large-scale efforts to digitise gas network operations without replacing physical metering assets. Successful rollout could support broader deployment across approximately two million Landis+Gyr gas meters already installed in Australia.
• Australian Government (Capacity Investment Scheme)coreStrategic or Co-development Partner · 26 May 2026Origin Energy's 1.5GW Yanco Delta Wind Farm was selected as the largest single project in Australia's Capacity Investment Scheme (CIS) Tender 7, which selected 19 renewable energy projects delivering 7.8GW of generation capacity and 2GW/7.9GWh of battery storage. The CIS mechanism provides revenue certainty through Capacity Investment Scheme Agreements, supporting an estimated 19,000 construction jobs and AU$504.6 million in community-shared benefits.
• Quinbrook Infrastructure PartnerscoreTechnology or Integration · 20 February 2026Quinbrook Infrastructure Partners operates the Supernode battery energy storage system at South Pine substation in Queensland, with Origin Energy managing 12-year tolling agreements. Stage One (260MW/619MWh) achieved commercial operations in early 2026, delivering full output to the Queensland grid and National Electricity Market. Stages 2 and 3 are under construction; stages 1-2 operate under long-term offtake agreements with Origin Energy, Stage 3 with Queensland-owned Stanwell.
• Fox ESScoreTechnology or Integration · 16 February 2026Fox ESS partnered with Origin Energy enabling Australian owners of Fox ESS home battery storage systems to join Origin's Loop VPP programme. The integration connects Fox ESS batteries to Origin's automated VPP network, which manages distributed energy resources to provide grid services and generate participant revenue. Fox ESS launched its CQ6 High Voltage Battery in Australia during this partnership. Participants can access three battery plans with varying VPP participation levels, export earnings caps, and feed-in tariffs.
• WärtsiläcoreTechnology or Integration · 11 December 2025Wärtsilä Corporation delivered the fourth stage of Origin Energy's Eraring battery energy storage system, adding 360 MWh of capacity at Origin Energy's Eraring Power Station in NSW. This expansion makes the total Eraring BESS project (3,160 MWh) the largest battery project in Australia and one of the largest worldwide, supporting the transition to renewable energy as Eraring coal plant approaches retirement in April 2029. Origin approved an AU$80 million investment for this stage.
• Viva EnergyminorStrategic or Co-development Partner · 27 November 2025Viva Energy and Origin Energy signed an MoU to develop a bio-LPG proof of concept at Viva's Geelong refinery, sourcing used cooking oil and other feedstocks. The collaboration aims to establish a supply chain for bio-LPG, supporting Australia's emissions reduction efforts and lower-carbon energy solutions.
• Toll GroupminorChannel Partner/ Reseller/ Distributor · 23 November 2025Toll Group added a Volvo FE Electric 4x2 rigid truck to its fleet to support LPG deliveries for Origin Energy, as part of a $67 million investment in electric heavy vehicles co-funded by ARENA. The truck is designed for urban delivery with a range of 200-275 km and fast charging capabilities, operating in Brisbane during a trial period. Toll has also expanded its electric fleet with vehicles for BlueScope Steel, Coca-Cola Europacific Partners, and Coles.
• BYD and StarChargecoreTechnology or Integration · 23 September 2025Origin Energy launched Australia's first vehicle-to-grid (V2G) enabled EV subscription trial commencing 2026 with 50 eligible customers receiving a BYD Atto 3, a StarCharge V2G Halo bi-directional charger, and a specialised energy tariff with free home charging. The trial integrates V2G technology with Origin's Virtual Power Plant, enabling automated charging during periods of abundant renewable energy and discharging during peak demand, with participants potentially saving approximately A$2,500 annually on fuel costs.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• AGL Energy: Australia's largest integrated energy retailer and generator (ASX: AGL), directly competing with Origin across electricity/gas retail, large-scale generation including coal, and ~4M customer accounts. Closest comparable gentailer model.
• EnergyAustralia: Owned by Hong Kong-listed CLP Holdings, EnergyAustralia is one of Australia's largest energy retailers and generators with similar integrated operations across retail electricity/gas and coal/gas generation. Direct competitor in retail, enterprise, and generation markets.
• Alinta Energy: Privately held by Brookfield, Alinta Energy is an Australian energy retailer and generator operating across the NEM and WA with significant gas-fired generation. Directly comparable retail and generation business competing head-to-head with Origin.
• Octopus Energy: UK-based renewable energy retailer that spun off Kraken Technologies in 2026. Origin holds ~23% economic interest, creating a unique cross-shareholding relationship. Operates an essentially identical business model combining energy retail with proprietary technology platform.

Regional players

• Contact Energy: New Zealand's largest integrated energy generator and retailer (NZX: CEN), with a comparable gentailer model spanning geothermal/gas generation and retail. Direct analogue across the Tasman with similar regulatory and renewable transition dynamics.
• Meridian Energy: New Zealand's largest renewable energy generator and retailer (NZX: MEL) with 100% renewable portfolio (wind, hydro, geothermal). Direct comparable for Origin's renewable-led generation strategy and integrated retail approach in a similar deregulated market.
• Mercury NZ: New Zealand renewable energy generator and retailer (NZX: MCY) with hydro and geothermal generation. Comparable integrated business model with focus on renewable generation and retail customer services in a deregulated market.

Broad incumbents

• Engie Australia: Australian subsidiary of French multinational utility Engie, operating renewable generation (wind, solar, battery) and retail energy services. Comparable as a global utility incumbent expanding into Australian renewable generation competing with Origin.
• Shell Energy Australia: Australian retail energy arm of Shell plc, operating in B2B energy retail and increasingly B2C. Comparable as a global oil major expanding into Australian electricity retail and competing with Origin in enterprise and commercial segments.
• Iberdrola Australia: Australian subsidiary of global renewable major Iberdrola (operating through Infigen), with utility-scale wind and solar generation. Comparable as a global renewable energy incumbent expanding in Australia and competing for renewable development opportunities.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/originenergy
• Facebookfacebook.com/originenergy
• Instagraminstagram.com/OriginEnergy
• TikToktiktok.com/@originenergy
• LinkedInlinkedin.com/company/origin-energy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Origin Energy