Company Profile - Origin Energy
Parent Company: Origin Energy Limited
Brand Value: $2,236 Mil.
Headquarter City: Sydney
Year Formed: 2000
Origin, Australia’s strongest energy brand, was formed from a spinoff of Boral Limited building materials business that included South Australian Gas Company (SAGASCO). Within two years following the spinoff, Origin acquired Powercor and CitiPower and then over the course of the next decade grew to become Australia’s largest energy retailer and through additional acquisitions across the country, Origin became a major explorer and producer of natural gas with additional interests in New Zealand, Asia, Africa and South America. With over 6GW of capacity, Origin generates about 13% of the country’s energy together with its market leading portfolio of wind, hydro, solar and geothermal power. Origin has 4.3 million customers with a market cap of about $16 billion on revenues of $14.1 billion (up from $12.2 billion in 2016). Committed to sustainability, Origin has pledged to increase its supply of renewable energy sources to over 25% of its power generating capacity.