This is the current east coast of Australia's energy mix being used now. It is obvious that Solar and Wind is taking a larger market share but what everyone seems to forget what happens when the sun don't shine and the wind don't blow! Gas turbines can be easily commissioned, run up to full power in 10 mins and shut down just as quickly, It was obvious that gas projects were essential in our energy mix. With pressure now put on the Federal government to incentivize battery storage in domestic homes and all we hear is crickets! I think the biggest plus for Santos was Origin deciding not to proceed with Hydrogen storage because of the cost. That was the last arrow in the quiver for the loopy Greens! Australia has some really tough decisions to make, and while we are waiting Gas Turbines will take up the short fall! Our energy mix will be strongly decided by cost and Nuclear is our only option for a reliable affordable Electricity system but how long will that be?
STO Price at posting:
$7.30 Sentiment: Buy Disclosure: Held
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