AGP Executive Report
Last update: 2 hours agoGrid & Storage Buildout: Australia added record 9.1GW of solar, wind and battery capacity, with battery storage dominating new generation and storage momentum. Policy & Planning: The government is moving to legally require large-scale data centres to meet energy and water guardrails, including net-generator requirements, as communities push back on power and water impacts. AI Power Demand: IREN shares jumped after lifting its AI cloud revenue target above $4bn on new multiyear contracts, highlighting how quickly demand is outpacing available data-centre capacity. Energy Security & Prices: With West Asia conflict driving oil price risk, governments are preparing measures to stabilise supplies and curb cost pressures. Critical Minerals: Andrew Forrest’s EQ Resources stake buy signals continued investor focus on critical minerals supply chains tied to the energy transition. Markets: ASX trading stayed sensitive to oil and geopolitics, with energy stocks generally supported as crude rose.
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