Contact Energy Limited (ASX:CEN)

In FY26, Contact Energy Limited continued its strategic focus on decarbonisation and renewable energy expansion. The company completed the closure of its last gas-fired baseload generation plant, Taranaki Combined Cycle plant (TCC), and advanced several renewable projects, including geothermal, solar, and battery initiatives. Contact invested heavily in new renewable energy through joint ventures and strategic acquisitions, such as Manawa Energy, enhancing its portfolio with 26 hydro sites and increased wind generation capacity. The company also focused on carbon capture and reinjection at geothermal stations, reducing its annual emissions by 41%. Additionally, Contact Energy launched the Glenbrook Ohurua Battery 1 project to improve electricity supply management and reduce reliance on thermal peaking. As a key player in New Zealand's energy market, Contact actively participated in wholesale electricity trading and continued to deliver energy solutions through Simply Energy and Western Energy, supporting the country's low-carbon transition.