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AGL Energy
AGL Energy

Energy / Energy Generation and Distribution

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Company at a Glance

Overview
AGL Energy is an Australian energy company that provides energy products and services to over 3.7 million customers across Australia. The company was formed in 2006 through the merger of the Australian Gas Light Company (AGL) and Alinta. AGL Energy has its headquarters in Sydney, New South Wales, and operates in both the electricity and gas markets.
The company's main business activities include the generation, sales, and distribution of electricity and natural gas. AGL Energy generates electricity from a diverse range of sources such as coal, gas, wind, and solar. It also has interests in other energy-related businesses, such as natural gas exploration and production, and renewable energy development.
AGL Energy has a strong commitment to sustainability and is a leader in the development and use of renewable energy sources. The company has invested heavily in wind and solar projects and is working towards a goal of generating 30% of its electricity from renewable sources by 2022.
In addition to its energy products, AGL Energy also offers a range of energy services to its customers, including energy efficiency advice, home battery storage, and electric vehicle charging solutions.
Overall, AGL Energy is focused on providing reliable and affordable energy to its customers while also working towards a sustainable energy future for Australia.
What is special about the company?
1. One of Australia's largest energy companies: AGL Energy is one of the largest energy companies in Australia, serving over 3.7 million customers across the country.
2. Long history: The company has a long history dating back to 1837 when it was first established as the Australian Gas Light Company, making it one of the oldest energy companies in Australia.
3. Diverse portfolio: AGL has a diverse portfolio, offering a range of energy products and services including electricity, gas, solar energy, and home services.
4. Focus on renewable energy: AGL has a strong focus on renewable energy and is committed to transitioning to a low-carbon future. Currently, around 24% of its electricity generation comes from renewable sources.
5. Innovation: AGL is known for its innovative approach in the energy industry, constantly developing and investing in new technologies to provide better and more sustainable energy solutions for its customers.
6. Strong customer focus: AGL places a strong emphasis on customer satisfaction and has won numerous awards for its customer service, including the Canstar Blue Most Satisfied Customers Award for electricity and gas providers.
7. Community involvement: AGL is involved in various community initiatives and projects, such as supporting local charities, investing in community infrastructure, and promoting sustainability.
8. Sustainability commitments: AGL has set ambitious sustainability goals, including reducing its carbon emissions, increasing its use of renewable energy, and investing in sustainable solutions for its customers.
9. Employee development: The company has a commitment to fostering a diverse and inclusive workplace, providing opportunities for employee development and advancement.
10. Strong financial performance: AGL has consistently delivered strong financial results, making it a reliable and stable choice for investors.
What the company's business model?
AGL Energy is an Australian-based energy company that primarily operates in the electricity and gas sector. Its business model revolves around providing energy solutions to its customers through the generation, retail, and distribution of electricity and gas.
AGL's key activities include:
1. Electricity generation: AGL operates a portfolio of power plants including coal, gas, hydro, wind, and solar-powered plants. The company also has investments in renewable energy projects, such as wind and solar farms.
2. Gas production: AGL has significant gas production assets, including gas fields and processing facilities. The company is a major supplier of gas to the Australian energy market.
3. Distribution and retail: AGL owns and operates electricity and gas distribution networks across several regions in Australia. It also offers retail services to residential, small business, and large commercial customers, providing energy products and services, such as smart meters and solar panel installation.
4. Energy trading: AGL is actively involved in energy trading, buying and selling electricity and gas on the wholesale market to manage the supply and demand of energy.
5. Retail solutions: AGL offers a range of energy solutions, including energy efficiency and management, demand response programs, energy storage, and other emerging technologies for residential and business customers.
AGL's business model is built on its expertise and capabilities in all aspects of the energy supply chain. By integrating its generation, distribution, and retail operations, the company aims to provide innovative and sustainable energy solutions to its customers while also driving profitability and operational efficiency. Additionally, AGL is committed to investing in renewable energy sources and reducing its carbon footprint to align with the global shift towards clean energy.
Interesting facts about the company
1. AGL Energy was founded in 1837 as the Australian Gas Light Company, making it one of the oldest energy companies in Australia.
2. The company’s original purpose was to provide gas lighting for the streets of Sydney, but over the years it has evolved to become one of the country’s leading energy retailers.
3. AGL Energy is listed on the Australian Securities Exchange, with its headquarters in Sydney, Australia.
4. In 2015, AGL Energy became the first energy company in Australia to commit to exiting coal-fired power generation by 2050 in order to reduce its carbon footprint and transition to cleaner energy sources.
5. AGL Energy has a diverse portfolio of renewable energy assets, including wind farms, hydro power stations, and solar farms, making it one of the largest renewable energy companies in Australia.
6. The company employs over 3,500 people and generates over $10 billion in revenue annually.
7. AGL Energy is actively involved in community and environmental initiatives, such as providing support for local renewable energy projects, promoting energy efficiency and conservation, and partnering with indigenous communities.
8. AGL Energy was the first energy company in Australia to receive accreditation as a carbon neutral organization by the Australian Government in 2016.
9. AGL Energy is also involved in innovative projects, such as the development of virtual power plants, which use smart technology to connect and manage the energy usage of individual households.
10. The company has received numerous awards and recognition for its commitment to sustainability and responsible business practices, including being named the most sustainable company in the utilities sector in Australia and New Zealand by the Dow Jones Sustainability Index.
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