In order to succeed in changing to a sustainable energy supply and also achieve climate protection goals, we have to build hydropower plants and also wind and solar farms all over the world. However, as wind turbines and solar cells don’t provide a regular supply of electricity, electrical energy storage devices will be needed on a large scale. Technologies like lithium-ion batteries alone will not suffice.
RENEW ECONOMY: Genex secures funds for Bouldercombe battery, flags more big battery projects
Renewable energy and storage developer Genex says it wants to grow its portfolio of big battery projects after securing funding to construct its first big battery project in Queensland.
CLEAN TECHNICA: There’s A New Kind Of Gold In Them Pits
An abandoned gold mine in far north Queensland is set to become the world’s first co-located solar and pumped storage hydropower plant.
RENEW ECONOMY: Genex starts construction at flagship pumped hydro storage project
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.