Origin Energy Acquires 1st Energy and Partners with FranklinWH for VPP Integration
1.5 GW
Capacity
Origin Loop virtual power plant (VPP)
Project
Origin Energy has acquired 1st Energy, adding over 80,000 customer accounts to its existing 4.7 million-strong customer base. This acquisition aims to strengthen Origin's position as a leading energy retailer in Australia. Additionally, Origin has partnered with FranklinWH Energy Storage to integrate its FranklinWH System into the Origin Loop VPP program, which has a combined capacity of 1.5 GW across more than 393,000 customer assets. The partnership allows FranklinWH customers to access Origin's battery plans while maintaining warranty protection and reliability.
Timeline
Announced
Feb 10, 2026
Signed
Closed
Counterparts (3)
Market Context
This deal is part of the Storage sector in Australia.
108
Storage deals
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deals in Australia
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