2 ASX Energy Innovators Set for Record Growth
When we talk about energy in Australia, the conversation isn’t just about coal, gas or electrons flowing into homes anymore. It’s about transformation — blending reliability with innovation, balancing traditional fuels with new technology, and shaping how energy is produced, stored and delivered in the decades to come. Two ASX-listed giants — Woodside Energy Group and Origin Energy — are right at the heart of this shift. Each is carving out growth paths that could define the future of energy in Australia and beyond.
Woodside Energy: Big Projects, Broader Horizons
Woodside is well known as one of Australia’s largest energy producers, especially in liquefied natural gas (LNG). But the story now goes far beyond simply extracting and selling gas. Woodside is transforming itself into a global energy company with a diversified portfolio that stretches across continents and energy types.
Expanding LNG Leadership
Woodside’s strategy hinges on meeting global energy demand with affordable, reliable and lower-carbon fuels. Its major projects, including the development of Louisiana LNG in the United States and the Scarborough gas project in Western Australia, are key pillars of this plan. These initiatives are designed to tap into continued global demand for LNG, especially in Asia and other markets where energy consumption is rising. The company expects these projects to play a significant role in its growth trajectory over the coming years.
What makes these projects noteworthy isn’t just their scale but the way they link traditional energy production with future-focused planning. Lumbering fossil fuel ventures of the past are giving way to operationally lean, internationally-integrated, demand-responsive energy assets.
Innovation Beyond Gas
Woodside isn’t stopping at LNG. Its portfolio now includes emerging energy opportunities, such as hydrogen and ammonia prospects across Australia and North America. These are still early-stage technologies with long growth horizons, but they reflect a broader vision: to participate in the energy systems of tomorrow, not just those of today.
In addition, the company is placing renewed emphasis on reliability and safety while reducing greenhouse gas emissions — which matters in a world increasingly focused on energy sustainability.
Why Woodside Could See Record Growth
Woodside’s growth isn’t tied to a single asset or region. Its diversified pipeline of global projects, commitment to innovation, and ability to deliver large-scale energy infrastructure set it up to capture a larger share of future demand. With LNG demand forecast to grow and new energy technologies gaining traction, Woodside is well-positioned to benefit from both traditional and emerging energy trends.
Origin Energy: Powering the Transition with Renewables and Storage
Origin brings a different flavour to the ASX energy story. Known as one of Australia’s major energy retailers and gas suppliers, Origin is also aggressively investing in energy transition technologies — especially grid-scale storage and renewables.
The Eraring Big Battery
Perhaps the most exciting development for Origin is the continued build-out of the Eraring battery energy storage project at its Eraring Power Station in New South Wales. This site is becoming one of the largest grid-scale battery facilities in the southern hemisphere. The latest expansion (the fourth stage of the project) will bring total storage capacity to around 700 MW and over 3,000 MWh of energy storage — designed to help balance the grid as more renewable generation comes online.
Grid-scale storage is a critical element of modern energy systems. It helps smooth out the variability of solar and wind power, supports reliability, and provides valuable services like frequency control and reserve power. As Australia’s grid embraces more renewable sources, Origin’s battery assets could become central to keeping lights on without fossil fuels.
Renewables, Retail Growth and Customer Engagement
Origin isn’t just building big batteries; it’s also diversifying into wind, solar and customer-focused electricity services. Its leadership has emphasised that battery storage and renewables are at the core of future energy supply — a directional shift that aligns with broader national priorities on decarbonisation.
Adding to this, Origin continues to grow its retail customer base and integrate cutting-edge technologies like virtual power plants — systems where distributed batteries at homes and businesses work collectively to support grid stability.
Why Origin Could Achieve High Growth
Origin’s strength lies in its balanced approach: maintaining existing energy supply obligations while building the infrastructure that future grids will depend on. Through grid-scale batteries, renewable projects and expanding customer engagement, the company is placing itself at the forefront of Australia’s energy transition.
And while energy markets are evolving rapidly, Origin’s strong fundamentals and strategic focus on storage and renewables give it multiple avenues for growth, even as traditional generation changes.
What It All Means for Energy Innovation in Australia
Taken together, Woodside and Origin represent two complementary faces of Australia’s energy future:
- Woodside leans into global demand for transitional fuels like LNG while building the capability to participate in next-generation energy sources.
- Origin focuses on delivering renewable-ready infrastructure and storage that will enable a cleaner, more flexible grid.
Both companies are innovating in ways that promise not only to grow their businesses but also to support the broader transformation of the energy sector.
Whether it’s powering homes with stored solar energy or delivering gas across oceans, these ASX energy innovators are positioned to play a central role in how Australia — and potentially the world — meets its energy challenges in the years ahead.
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