Origin Energy Limited (ORG), Australia’s leading integrated energy company and Micron Technology, Inc. have formed a 50:50 joint venture, with a focus on the development of photovoltaic technology. Micron is a US listed company and one of the world’s leading providers of advanced semiconductor solutions.
Micron’s President and Chief Operating Officer, Mr Mark Durcan said, “As we have looked to leverage our core strengths in other markets, photovoltaic energy technology is a natural area of investigation. Origin is a company with a significant interest and history in renewable energy technologies. Combining our semiconductor manufacturing expertise with Origin’s solar experience could result in a strong partnership.” Origin’s Executive General Manager, Major Development Projects, Mr Andrew Stock, said, “We are pleased to joint venture with Micron as a global semiconductor leader to further explore the potential of solar photovoltaic technology. The near term objective of the joint venture is to combine the work Origin has done to date in solar development with Micron’s capabilities and to examine opportunities for commercialisation,” Mr Stock added.
Origin Energy is Australasia’s leading integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. Listed in the ASX top 20 the company has approximately 4,000 employees, is a leading producer of gas in eastern Australia, is the largest owner and developer of gas-fired electricity generation in Australia and is a leading wholesaler and retailer of energy. The company services more than 3.5 million electricity, natural gas and LPG customers across Australia, New Zealand and the Pacific. Through Australia Pacific LNG, its 50:50 incorporated joint venture with ConocoPhillips, Origin is developing one of Australia’s largest CSG to LNG projects based on Australia’s largest CSG reserves base. Micron Technology, Inc., is one of the world’s leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAM, NAND flash memory, CMOS image sensors, other semiconductor components, and memory modules for use in leading-edge computing, consumer, networking, and mobile products.