News & Media

Striking gold on job front

Open-cut mine west of cairns set to unleash treasures on region as work kicks into gear a repurposed open-cut gold mine west of Cairns is set to deliver a jobs boom as major earth, electrical and mechanical works hit top gear following a construction start of the Kidston pumped hydro project’s upper reservoir.

International Journal on Hydropower & Dams Issue 2, 2022: The global renaissance of pumped storage

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.

Andritz Annual Report 2021: Success Story Hydro – Solar Gold

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.

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.

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.

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.

ASX shares and the $41 trillion climate change investment opportunity

Climate change is an issue front of mind for many these days. Even companies are now viewing it as a credible risk to our way of life. ASX shares are likely to be impacted by climate change, but it could also reap huge benefits for companies working towards net zero emissions.

What could the latest climate report mean for ASX 200 shares?

The latest findings from the most comprehensive climate report released to date have rattled ASX 200 shares today. What has been described as a ‘code red for humanity’, the report produced by the Intergovernmental Panel on Climate Change (IPCC) has unearthed some concerning conclusions.

Hydro to pump North Queensland jobs

More than 900 construction jobs will be created in North Queensland with the state’s first pumped hydro storage project in almost forty years reaching financial close.

Genex powers ahead with 250 MW pumped hydro project

Construction is set to commence on the 250 MW Kidston Pumped Hydro Storage Project later this month after developer Genex Power announced it had secured all the financing required to progress the $775 million project.


18/12/2020 – Jemalong solar power plant on track to power homes in 2021 – Forbes Advocate

30/11/2020 – J-Power funding Kidston wind farm – Energy News Bulletin

30/11/2020 – Backing to fast-track Kidston wind farm feasibility work – Industry Queensland

30/11/2020 – Genex Power (ASX:GNX) teams up with J-POWER for Kidston wind project- The Market Herald

30/11/2020 – Genex kick-starts Kidston wind project, securing partnership with J-Power – RenewEconomy

27/11/2020 – J-Power, Genex to develop 150-MW wind project in Australia – Renewables Now

13/11/2020 – Jemalong solar project powers on with jobs for locals – Forbes Advocate

21/09/2020 – Genex shares jump on successful quarterly – Energy News Bulletin

23/09/2020 – Storage, not coal, is king – Financial Review

22/09/2020 – Genex Power (ASX:GNX) secures agreement with Powerlink for battery energy storage system – The Market Herald

22/09/2020 –  Genex secures network deal for Queensland big battery – RenewEconomy

11/08/2020 – Genex speeds battery project – Townsville Bulletin

10/08/2020 – Genex to fast track Rockhampton battery project with new funds – InQueensland

10/08/2020 – Genex secures $28m towards 75MWh Qld battery – Ecogeneration

10/08/2020 – Genex raises funding to fast-track Queensland battery project – PV Magazine

10/08/2020 – Genex raises $28.3 million to fast-track Queensland big battery – RenewEconomy

10/08/2020 – Genex Power (ASX:GNX) raises $22.276M – The Herald Sun

10/08/2020 – Renewables company proposes ‘grid-strengthening’ battery for Rockhampton – ABC News

06/08/2020 – Japanese power utility takes $25m stake in NQ hydro project – Townsville Bulletin

03/08/2020 – Genex and JPower sign on again – Energy News Bulletin

03/08/2020 – Yes, Senator, climate change is real: A Liberal MP’s open letter to One Nation’s Malcolm Roberts – The Sydney Morning Herald

03/08/2020 – Genex, J-Power ink equity funding deal for 250-MW K2 hydro storage project –  Renewables Now

03/08/2020 – Genex Power (ASX:GNX) signs new $25M share agreement with J-Power – The Market Herald

03/08/2020 – Genex plans big battery in Queensland, seals equity deal with J-Power – RenewEconomy

21/07/2020 – Innovative Operation of Pumped Hydropower Storage: Innovation Landscape Brief – International Renewable Energy Agency

07/07/2020 – Energy projects set to create 1000 jobs in North Queensland – Townsville Bulletin

01/07/2020 – Deadline extended for Kidston storage project as it seeks equity and transmission deals – RenewEconomy

22/04/2020 – The NEM saw 25% renewable generation in March – PV Magazine

02/04/2020 – Jemalong solar farm starts construction largely unaffected by Covid-19 – PV Magazine

01/04/2020 – 30-year contract signed for Kidston hydro project – Utility Engineering Construction and Maintenance 

31/03/2020 – Genex says 50MW Jemalong solar project unaffected by virus crisis – Renewables Now

31/03/2020 – Hydro plan green light – Cairns Post

31/03/2020 – Project a beacon of new hope – Townsville Bulletin

31/03/2020 – Jemalong solar farm commences construction in ‘step change’ for Genex – RenewEconomy

30/03/2020 – Eureka moment for Kidston Pumped Storage Hydro Project – PV Magazine

30/03/2020 – Australia’s first pumped hydro project in 40 years gets green light – RenewEconomy

30/03/2020 – Genex Power (ASX:GNX) shares spike on EnergyAustralia agreement – The Market Herald

30/03/2020 – Genex Power inks energy storage deal with EnergyAustralia at Kidston hydro plant – Small Caps

30/03/2020 – Genex’s Kidston project back on track – Financial Review

30/03/2020 – Genex, EnergyAustralia signs 30-year Kidston Hydro contract – Energy

30/03/2020 – Genex shares rocket on Kidston Hydro agreement – ENB energy news bulletin

16/03/2020 – Innovative Aussie project repurposing mine puts for pumping hydro – Australian Water

02/03/2020 – Genex remains upbeat on pumped storage in result dented by solar plant outage – RenewEconomy

31/01/2020 – Genex to restructure off take agreement for NQ hydro plant – Townsville Bulletin 

18/12/2019 – Genex lands “world first” green finance deal for two solar farms – RenewEconomy

28/11/2019 – $85 million plan for Jemalong sun power – Forbes Advocate

22/11/2019 – J-POWER recommits to Kidston pumped hydro plan, pending new off-take deal – RenewEconomy

22/11/2019 – Japan’s J-POWER recommits to backing Australian pumped hydro project – Reuters

16/11/2019 – Boost for hydro project – Townsville Bulletin

​13/11/2019 – Genex says pumped hydro project on track – Finance News

13/11/2019 – Genex hydro project on track – The Australia

07/11/2019 – CleanCo could save Genex’s $700m project – The Financial Review

04/09/2019 – Power package fires up NQ renewables

04/09/2019 – Ghost town’s population set to boom as large hydro plant planned for kidston

17/08/2019 – Green hydro storage hub to boost energy mix in region – Townsville Bulletin

11/07/2019 – Powering up hydro jobs for the north – The Courier Mail

11/07/2019 – Genex’s Kidston hydro project wins $610m federal loan – Financial Review 

11/07/2019 – NAIF confirms $610m finance for Genex solar-pumped hydro project – RenewEconomy

11/07/2019 – Genex gets $610m green power loan tick from NAIF – The Australian

11/07/2019 – Australia backs Genex Power hydro project with $425mln cheap loan – Reuters (International)

25/06/2019 – Genex goes into trading halt, ahead of fund-raising for Jemalong solar farm – RenewEconomy

15/06/2019 – Hydro project pumped up – Financial Review 

08/06/2019 – Hydro project gains funding – Townsville Bulletin

08/06/2019 – Northern hydro plant’s funds boost – The Courier Mail 

06/06/2019 – J-Power snaps up Genex Power stake – Financial Review

27/05/2019 – EnergyAustralia poised for $1b power generation revamp – Financial Review 

22/05/2019 – The lynchpin that makes future energy markets reliable – energy magazine

18/04/2019 – Power play: pumped hydro eyes path through Australia’s climate wars – Reuters

09/04/2019 –  Genex Energy (ASX:GNX) has secured environmental approvals for its 250MW pumped hydro storage project in far north Queensland

18/02/2019 – Genex reaches agreement to commence early works on 250-MW kidston Pumped Storage Hydro – Hydro Review

15/02/2019 – Genex Kicks off works on Kidston pumped hydro, next to solar farm – RenewEconomy

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