Genex Power Limited is an ASX-listed company focused on developing a portfolio of renewable energy generation and storage projects in Australia. Genex’s diverse portfolio includes large-scale batteries, pumped storage hydro, wind and solar across Qld and NSW. The Company’s flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro and potentially wind energy. The Kidston Clean Energy Hub comprises the operating 50MW stage 1 Solar Project and the 250MW Kidston Pumped Storage Hydro Project with potential for further multi-stage wind and solar projects.
Genex is focused on delivering its portfolio of renewable energy generation and storage projects
Genex Power’s Kidston Pumped Storage Hydro Project (K2-Hydro) is the first pumped hydro project to be developed in over 40 years in Australia. K2-Hydro is currently under construction and is expected to be operational in 2025. Genex is further expanding its energy storage portfolio via the development of a 50MW/100MWh standalone battery energy storage system at Bouldercombe in Queensland. With over 470MW of renewable energy & storage projects in development, Genex is well placed as Australia’s leading renewable energy and storage company.
Producing clean energyfor Australia
By 2025 our portfolio of renewable power projects will provide clean energy to over 350,000 homes offsetting almost 2 megatonne of CO2 per annum.
The History of the Kidston Township
The township of Kidston was developed on the west bank of the Copperfield River after the official discovery of gold in 1907, leading to a rich period in Kidston’s history, initially known as the Oaks Rush. The town grew significantly overnight, with many miners and prospectors flooding in from all parts of the north to try their luck. The field proved to be rich and over the next three years an estimated 622,000 grams of gold had been mined. By May 1908, there were 1400 people residing at Oaks Rush and an estimated 430,000g of gold had been won.
The Oaks Rush Goldfield continued mining up until 1945 when it shut its doors only to reopen again in 1979 when Kidston Gold Mines applied to the Queensland Government to start full production again. Mining continued from 1985 until it was permanently closed in 2001.
After being a mining community for a century, Kidston is undergoing a monumental transformation with a new lease on life. The two large disused pits that made up the old gold mine are being converted into a world-first pumped storage hydro project, utilising an abandoned gold mine. The Kidston Pumped Storage Hydro Project is the first of its kind to be developed in Australia in over 40 years, combined with multi-stage solar and wind renewable energy assets underpinning the Kidston Clean Energy Hub.