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EnergyAustralia has today released its second Climate Transition Action Plan (CTAP), providing an update on progress made over the past 15 months and, for the first time, outlining its pathway to achieving its ambition of Net Zero Scope 3 emissions by 2050.
Since the release of its first CTAP 15 months ago, EnergyAustralia has secured more renewable energy for its portfolio, progressed plans to smooth the supply of renewable energy through storage and expanded its products to help customers decarbonise.
EnergyAustralia secured an offtake agreement for 230MW from the Golden Plains Wind Farm to commence in the late 2020s, supporting its ambition to grow its renewable energy portfolio to up to 3GW by 2030.
EnergyAustralia’s investment in storage was boosted with the Federal Government committing funding for two battery projects - Wooreen (350MW, 4 hours storage) and Hallett (50MW, 4 hours storage). Additionally, it secured a virtual tolling agreement for 200MW with Akaysha Energy for its Orana battery in New South Wales.
EnergyAustralia’s efforts to help its customer decarbonise saw its Virtual Power Plant (VPP) offering expand from around 5MW to around 142MW, integrating a greater number of home energy assets, which include household solar, batteries and home energy appliances. This included the launch of Battery Ease in May 2024 and the establishment of the Sun Soaked Water program following a successful trial in 2023. Both of these products help customers optimise their renewable energy use and reduce reliance on fossil fuels.
In October 2024, EnergyAustralia launched the Community Battery Ease product to 13 locations in the Ausgrid area, and secured access to 20MW of community batteries that capture and store solar energy, making renewable energy accessible to more people, including renters and apartment dwellers.
The updated CTAP includes EnergyAustralia Scope 3 emissions reduction pathway, its progress towards its ambition to secure up to 3GW of renewable energy into its portfolio by 2030, and initiatives that help its customers decarbonise.
EnergyAustralia Managing Director, Mark Collette, said: “EnergyAustralia has a role to play in decarbonising the electricity system. Expanding our renewable portfolio will play a critical role in contributing to reducing our direct Scope 1 emissions, as well as our Scope 3 emissions which sit outside our direct operations. This is what we are focused on through our ambition to expand our renewable energy portfolio to up to 3GW.”
“Around 80% of our Scope 3 emissions come from our customers, so supporting them with products that meet their energy needs whilst decarbonising the energy we provide is critical.”
In 2024 EnergyAustralia opened the Tallawarra B gas-fired power station which provides back-up generation to renewables in support of the energy transition.
EnergyAustralia has set a target of reducing its Scope 1 absolute emissions by over 60% by 2030, with an ambition to achieve Net Zero by 2050 across Scope 1, 2 and 3 emissions.1 As part of this, EnergyAustralia's ambition is to expand its portfolio to include up to 3 GW of renewable energy, committed or operational by 2030, largely through purchasing output from renewable energy projects under offtake agreements.
In 2023, Scope 3 emissions accounted for around 16% of the company’s total emissions, with Scope 1 representing approximately 82%, and Scope 2 comprising less than 1%. Scope 1 emissions are the direct emissions from a company's own operations, Scope 2 emissions are the indirect emissions from the energy a company buys, and Scope 3 emissions are all the other indirect emissions that happen in the company's supply chain and other activities.
Read EnergyAustralia’s CTAP to understand its current performance and the basis on which its targets and ambitions have been developed (including assumptions and uncertainties).
For media inquiries contact:
Stuart Allott: 0402 321 769
stuart.allott@energyaustralia.com.au