Genex Power says its newly Bouldercombe Battery is already “sopping up” some of the negatively priced energy from cheap solar power flooding the Queensland grid, despite still being in the commissioning phase.
FINANCIAL REVIEW: Green energy’s holy grail takes shape 220 metres underground
A four-hour drive north-west of Townsville, Australia’s best bet for pumped hydro, Genex Power’s $777 million Kidston project, is being drilled 220 metres under an old gold mine.
RENEW ECONOMY: Genex secures new finance to shore up pumped hydro and fund big battery plans
Genex Power has announced a major new funding deal to bring home its flagship pumped hydro project at Kidston in Far North Queensland and drive development of the massive up to 2GW Bulli Creek solar and battery project.
RENEW ECONOMY: Genex switches on its first big battery project on time and on budget
Genex Power says it has turned on its first storage facility this week, a 50MW/100MWh Tesla battery storage facility in Bouldercombe near Rockhampton in Queensland that it says has been built on time and on budget.
RENEW ECONOMY: Genex takes delivery of all 40 Tesla Megapacks for Bouldercombe big battery
Genex Power says all 40 Tesla Megapack units have arrived on site at the 50MW/100MWh Bouldercombe battery project near Rockhampton in Queensland, marking a “key milestone” for the company’s first big battery.
RENEW ECONOMY: Solar farms drive first profit for Genex as focus turns to battery and hydro storage
Genex Power, the only remaining listed company in Australia whose business is focused around wind, solar and storage, has revealed its first ever net profit as it works on delivering its first battery storage and pumped hydro projects.
RENEW ECONOMY: Government steps in to pave way for wind addition to solar and hydro hybrid
The Queensland state government has stepped in to effectively guarantee the delivery of the 258MW Kidston wind farm that will form a crucial part of the country’s first solar, wind and pumped hydro project.
QUEENSLAND GOVERNMENT: Kidston hydro project to deliver jobs and clean energy
Minister for Employment and Small Business, Di Farmer, and Assistant Minister for Hydrogen Development, Lance McCallum are visiting the Kidston pumped storage hydrogen project which is set to play a key role in delivering jobs for Far North Queensland, while creating renewable energy.
RENEW ECONOMY: Chart of the Day – Australia’s best performing solar farms
Larges-scale solar plants have put in a solid performance for the first month of the Australian Spring, bumping up total national output by 20%, year-on-year, to 943GWh up from 784GWh in September 2021.
RENEW ECONOMY: Graph of the Day: Kidston leads again as best performing solar asset in Australia
The 50MW Kidston solar farm has again topped the tables of the best performing solar assets in Australia – for the fourth month in a row – as Queensland’s superior winter sunshine enables its solar farms to dominate the latest ratings tables.