More readily available electricity could be critical with demand expected to soar in the years ahead
More readily available electricity could be critical with demand expected to soar in the years ahead
24 February 2026
The Crown's buying 200-million dollars worth of new Genesis Energy shares - to retain its 51 percent shareholding.
It follows news of a 400-million dollar capital raise - to fast track solar and batteries.
Major Electricity Users' Group Chair John Harbord says Genesis is also leaning into storing backup electricity.
He says when you run a manufacturing business and need to be operating 24/7, you need to know the electricity's going to be there every minute of every day.
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