Best ASX Stocks to Benefit From Clean Energy Drive

The clean energy transition is no longer a vision but a race and these companies are leading from the front with innovation, investment and impact.

Meridian Energy Limited (ASX: MEZ)

has gone through a tough but changing phase recently, with its September update showing a good comeback in hydro storage.

National hydro reserves jumped from 79% to 110% of the normal average by early October 2025, mainly because inflows were 181% of average. This was a big recovery after last year’s record droughts.

FY25 operating cash flow dropped 52% to about NZ$318 million and EBITDAF also went down 32% to NZ$611 million primarily because of bad weather.

The company kept a solid final dividend of 14.85 cps, taking the full year payout to 21 cps which shows its balance sheet is still strong. 

Meridian is still one of the biggest renewable energy players, providing around a healthy chunk of New Zealand’s electricity and playing a key role in its decarbonisation path. 

With the 100MW Ruakaka Battery Energy Storage System now running and the new Solar Farm construction already started, plus a NZ$2 billion investment plan in place, Meridian looks set for long term growth as global clean energy demand keeps increasing.

Origin Energy Limited (ASX: ORG)

showed a strong and steady performance in FY25, keeping up growth investments while still generating solid cash.
Its underlying EBITDA came in at around A$3.41 billion and the statutory profit jumped to about A$1.48 billion. This rise was mostly helped by good performance from Australia Pacific LNG (APLNG) and tight cost control across the business. 

The Energy Markets division did better than expected, posting an EBITDA of A$1.40 billion. LNG trading also performed well, adding around A$441 million which was near the top end of guidance. 
Origin announced a final dividend of 30 cents per share, fully franked which takes the total FY25 payout to 60 cps. 

Capital spending rose to A$1.47 billion, out of which A$927 million went into battery projects of 1.7 GW and the Yanco Delta Wind Farm.

 For FY26, Origin expects Energy Markets EBITDA between A$1.4 and A$1.7 billion along with steady growth from Octopus Energy and Kraken platforms which keeps it as a key player in Australia’s energy shift.

Vulcan Energy Resources Limited (ASX: VUL)

continued to push forward its main Lionheart Project in Germany and France, hitting many key targets for funding and production. 

The company signed a binding offtake deal with Glencore for around 36,000–44,000 tonnes of battery grade lithium hydroxide across eight years. This completed all Phase One offtake deals including the ones with Stellantis, Umicore and LG Energy Solution. The Phase One project aims to produce about 24,000 tonnes of LHM per year and generate nearly 275 GWh of renewable energy, making Vulcan the first carbon neutral and fully integrated lithium and energy producer in Europe.

 For the half year ended June 2025, the revenue went up to €4.1 million but the net loss got wider to €30.7 million due to big spending and cash balance stood at €48.8 million after capex. 
Vulcan got €104 million in grants from the German government and also raised €30 million through a strategic placement to support key project works. 

With project production planned by 2028, the company looks ready to become a major player in Europe’s green EV supply chain.

(Source: Company Announcement)