Genesis Energy Limited ( (DE:1G6) ) just unveiled an announcement.
Genesis Energy’s FY25 Q3 report highlights the company’s strategic focus on enhancing energy flexibility and security, particularly in preparation for the winter of 2025 amidst declining national gas supplies. The company is negotiating to maintain a third Huntly Rankine Unit until 2035 and is expanding its renewable energy portfolio with PPAs for geothermal and solar power. Key achievements include a record 5% energy supply from distributed energy in January 2025, significant growth in rooftop solar partnerships, and progress in its battery project at Huntly Power Station. These initiatives align with Genesis’s Gen35 strategy to improve portfolio flexibility and increase renewable generation, indicating a strong commitment to future energy security and sustainability.
More about Genesis Energy Limited
Genesis Energy is a diversified New Zealand energy company that sells electricity, reticulated natural gas, and LPG through its retail brands Genesis and Frank. It is one of New Zealand’s largest energy retailers with approximately 500,000 customers. The company generates electricity from a diverse portfolio of thermal and renewable generation assets and holds a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand.
YTD Price Performance: -1.79%
Average Trading Volume: 1,800
Technical Sentiment Signal: Buy
Current Market Cap: €1.27B
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