AGL

Company: AGL Energy Limited

Brand value: US$1,564 million

Change since 2018: -29%

Headquarter city: Sydney

Category: Energy

Year formed: 2006

AGL is the largest electricity generator in Australia, supplying power from gas, solar, hydro, wind, biomass and landfill gas sources to more than 3.6 million customers. It has pledged to reduce greenhouse gas emissions by shutting its coal-fired power stations by 2050, and has committed to investing AU$2-3 billion in large-scale renewable energy generation. AGL, under new CEO Brett Redman, is pushing ahead with controversial plans to shut the Liddell coal power plant in 2022, and refocus the site on renewables, despite government requests for a delay to ensure continuity of supply. Redman has been highly critical of the federal government’s energy policy, but in early 2019 said the business would invest almost AU$1 billion in new assets despite the uncertainty he said the government was creating for the sector. AGL has been in for criticism itself, over long delays to its “virtual power plant, designed to link up 1,000 householders’ own solar-generation systems.