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.
RENEW ECONOMY: Genex eyes trebling of revenue, says new battery already “sopping up” negative prices
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.
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.
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.
RENEW ECONOMY: Genex writes down value of 50MW solar plant due to falling electricity prices
Genex – one of Australia’s few remaining renewable energy and storage companies listed on the Australian Stock Exchange – has revealed a $16.5 million write down on the value of its recently completed Jemalong solar farm as a result of falling power prices.
THE MOTLEY FOOL: 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.