Genex has kick-started main construction works for its flagship pumped hydro energy storage project, commencing tunnel digging at the Queensland site.
RENEWS.BIZ: Oz developer kick-starts 250MW pumped hydro work
Genex has started digging the tunnel for the Kidston project in Queensland.
CREATE DIGITAL: World-first Australian project repurposing mine pits for pumped hydro
Construction is underway on an innovative engineering project that will turn two retired mining pits in Queensland into a pumped hydro energy storage facility.
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.
PFI: 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.
ABC: 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.
RENEW ECONOMY: Genex strikes “world first” revenue sharing deal with Tesla for Queensland big battery
Listed renewable and storage developer Genex has struck a “world first” revenue deal with Tesla for its Bouldercombe big battery in Queensland, which will feature Tesla Megapacks and Tesla’s Autobidder technology.
THE MARKET HERALD: Genex Power signs offtake agreement with Tesla
Genex Power (GNX) pens an offtake agreement with Tesla Motors Australia for the Bouldercombe Battery Project in central Queensland. Under the agreement, Tesla will operate the project using its algorithm-based bidding system, Autobidder, which is designed to maximise the project’s revenue.
AFR: Energy storage a ‘game-changer’ on path to net zero by 2050
Neoen Australia chief executive Louis De Sambucy says utility-scale batteries will be the “game changer” to help Australia move towards net zero by 2050.
ENERGY STORAGE NEWS: Tesla Megapacks picked for Genex Power’s 50MW / 100MWh battery project in Queensland
After winning a competitive selection process, Tesla will supply 40 of its Megapack utility-scale battery energy storage systems (BESS) to a project by Australian renewable energy developer Genex Power.