Renewable Energy On Tap

Genex Power Limited is an ASX-listed company focused on developing a portfolio of renewable energy generation and storage projects across Australia.

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Clean Energy, On demand

Genex Power offers a diverse Australian renewable energy & storage portfolio

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About

Helping Australia meet its renewable energy targets

Genex Power Limited is an ASX-listed company focused on developing a portfolio of renewable energy generation and storage projects across Australia. The Company’s flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro and wind energy.

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Infrastructure

Achieved Critical Infrastructure status for the Kidston Clean Energy Hub in Queensland.

Energy Storage

300MW of pumped hydro and battery in development or construction.

Portfolio

$1 billion in renewable energy assets.

Innovation

Commenced construction of Australia’s first pumped hydro project in 40 years.

Supplier

By 2025 we will provide clean energy to over 350,000 homes.

Opportunity

Over 1000 jobs generated from the development of Genex Power’s renewable assets.

Flagship Project

250MW Kidston Pumped Storage Hydro Project

Genex Power’s Kidston Pumped Storage Hydro Project (K2-Hydro) is the company’s flagship project encompassing the Kidston Clean Energy Hub. K2-Hydro is sized at 250MW and can operate continuously for 8 hours (2000MWh) – acting essentially as a giant water battery. Once operational, K2-Hydro will be maintained and operated by EnergyAustralia under an Energy Storage Services Agreement for up to 30 years.

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We're leading Australia’s transition to a clean energy future

Genex is committed to providing responsible stewardship of the natural resources over which we have control or influence. We believe that preserving, protecting and, where appropriate, remediating the natural environment is essential for the wellbeing of current and future generations.

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Latest Updates

Stay ahead of the curve with the latest thinking on renewables.

Andritz Hydro News

Featuring an innovative approach to integrating solar power and low-cost energy storage, Kidston is set to be the world’s first co-located solar pumped storage hydropower plant. Located in an abandoned gold mine in Queensland, Australia, once complete it will deliver ‘Renewable Energy on Tap’. ANDRITZ is supplying the electro-mechanical equipment for the pumped storage hydro elements of this ground-breaking new project.

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Tesla in revenue guarantee for Bouldercombe battery

ASX-listed renewables developer Genex Power has signed an innovative 20-year deal for Tesla Motors Australia to operate its A$55m–$60m (US$39m–$43m) merchant Bouldercombe Battery in Queensland, while parent Tesla will provide a corporate guarantee for a minimum base revenue for the first eight years.

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Elon Musk’s Tesla to back central Queensland battery project in Australian-first collaboration

US company Tesla has its sights set on central Queensland for an energy project and, in a first for Australia, will provide long-term financial support. Genex, the company behind the Bouldercombe battery project, says it also has contracts for Elon Musk’s Tesla to supply a large, 50-megawatt battery and will use their algorithm-powered bidding system to sell power.

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