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.
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.