Company Profile - EnergyAustralia
Parent Company: CLP Holding Limited
Brand Value: $542 Mil.
Headquarter City: Melbourne
Year Formed: 1995
EnergyAustralia (EA) is one of Australia’s leading energy retailers and is privately owned by Hong Kong’s CLP Group. EA generates power through coal, natural gas, hydro-electric, solar energy, and wind and delivers it to more than 2.6 million customers. With its roots going back over 100 years, EnergyAustralia was owned by the New South Wales Government who in 2011 sold the brand and other energy assets to CLP/TRUenergy which at the time was the 5th largest electricity producer in Australia. Following the acquisition, TRUenergy changed its name to EnergyAustralia and since then, has concluded key acquisitions and investments bringing its asset portfolio to over $AU5 billion. EA currently produces more than 5,000MW with an additional 1,000MW of renewables. EA’s future plans includes retirement of its coal power plants and filling the energy gap with renewable sources connected to utility scale batteries (via Tesla) for quick and immediate distribution of power to its customers.