New Energy

Our Australian new energy business is supporting a more sustainable tomorrow.

Potentia Energy 

In 2023, INPEX acquired 50% of shares in Enel Green Power Australia (EGPA), establishing a strategic alliance with Italian utility leader, Enel S.p.A. Now Potentia Energy, the rebrand embodies the vast potential of Australia’s natural resources for a sustainable future.   

Operating across wind, solar, storage and hybrid projects, Potentia Energy has set its sights on an ambitious investment pipeline to lead Australia’s energy transition. The company has also begun servicing retail customers, an area providing future potential growth. 

This venture signals INPEX’s journey into the diverse renewable energy market and reinforces its long-term commitment to investing in Australia.

Potentia Energy

 

Wheatbelt Connect

Wheatbelt Connect is a collaborative project between INPEX, ANZ, Qantas and rural landowners that creates opportunities for native revegetation and carbon farming alongside current land uses, with the possibility of producing biomass for processing into renewable biofuels.

Landowners can play a vital role in decarbonising Australia to reach the nation’s net zero goals. The challenge ahead needs collaboration, where Australian regional communities have a seat at the table towards a sustainable future.

Wheatbelt Connect

 

Bonaparte Carbon Capture and Storage

Carbon capture and storage (CCS) is a proven technology that can avoid carbon dioxide from being emitted into the atmosphere by sequestering it deep underground safely and permanently.

INPEX holds a 53 per cent participating interest as Operator of a greenhouse gas storage assessment permit (title G-7-AP) with TotalEnergies CCS Australia Pty Ltd (26%) and Woodside Energy Ltd (21%), in a joint venture known as Bonaparte CCS Assessment.

The permit was awarded following Australia’s 2021 Offshore Greenhouse Gas Storage Acreage Release and is in the Bonaparte Basin off the northwestern coast of the Northern Territory of Australia – an area considered to be promising for geological storage of carbon dioxide in service of CCS activities.

The Bonaparte CCS project could provide the opportunity for a large-scale multi-user carbon storage hub strategically located on the doorstep of Asia.

Bonaparte Carbon Capture and Storage

INPEX is committed to recognising and respecting Aboriginal and Torres Strait Islander peoples whose cultures have existed in Australia for more than 65,000 years.

In particular, we acknowledge the Larrakia people as the recognised Traditional Owners of the land and waters where Ichthys LNG onshore facilities are located, in addition to the Whadjuk Nyoongar people on whose lands our Perth office is situated. Furthermore, Broome and Djarindjin are important logistical locations for transit of our offshore workforce, and we therefore extend our acknowledgement to the Yawuru, Bardi and Jawi peoples, respectively.

INPEX acknowledges the important role Aboriginal and Torres Strait Islander peoples continue to play in the development of our business in Australia and pay our respects to their Elders – past and present.