Origin Energy stock plans a 500 MW battery expansion at Eraring

Published on 10/07/2026 at 01:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Origin Energy stock posted FY2026 net income of AUD 1.57 billion, up 6.3 percent from the prior year. Eraring battery plans add 500 MW of capacity.

Origin, AU000000ORG5, Illustration mit AI erstellt.

Origin Energy stock (ISIN AU000000ORG5) was last at AUD 11.01 on the ASX on October 6, 2026, up 1.19 percent for the session. The company is seeking approval for a 500 MW battery addition at its Eraring site, a project that would lift the planned precinct to 1,200 MW and 8,600 MWh.

Eraring expansion adds 500 MW

According to Energy Storage on October 6, 2026, Origin submitted an environmental approval application for the Eraring BESS North project. The proposed facility would provide 500 MW of discharge capacity and 4,942 MWh of accessible storage.

Construction is planned for 2028, with commercial operations scheduled for early-to-mid 2031, according to Enerdata. The expansion would sit alongside existing Eraring battery facilities, including a 460 MW first phase and a 240 MW second stage.

FY2026 profit rose as revenue fell

Origin's FY2026 results show a mixed operating picture. Simply Wall St reports FY2026 earnings per share of AUD 0.92, up from AUD 0.86 in FY2025, while revenue declined 9.6 percent to AUD 15.6 billion.

Net income increased 6.3 percent to AUD 1.57 billion, and the profit margin reached 10 percent versus 8.6 percent in FY2025, according to Simply Wall St. The contrast matters for shareholders because higher earnings did not come with higher sales, placing greater weight on margins, generation assets and capital allocation.

AGM date sets the next checkpoint

Origin Energy's investor page lists the company's annual meeting for October 14, 2026, and its next quarterly report for October 30, 2026. The company released its FY2026 results on August 13 and its quarterly report for the period ended June 30, 2026, providing the latest formal reporting milestones.

A master-data page from Global Banking and Finance identifies Origin Energy Limited as ASX:ORG and assigns ISIN AU000000ORG5. The business combines electricity and gas generation, wholesale activity and retail supply across Australia.

Origin Energy stock stays below its yearly high

Origin Energy stock was last at AUD 11.01 on October 6, 2026, with a 52-week range of AUD 10.02 to AUD 12.84. The price therefore stood 14.25 percent below the yearly high, while the market capitalization was AUD 19.0 billion and volume reached 2,775,642 shares.