A description of renewable energy shares, and a rundown of some of the best ASX renewable energy companies to watch in 2024. These stocks are chosen for their large market capitalisations and dominance in the sector.
UTILITY MAGAZINE: Bouldercombe battery paving the way for renewable energy storage
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.
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.