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.
AFR: Energy storage a ‘game-changer’ on path to net zero by 2050
Neoen Australia chief executive Louis De Sambucy says utility-scale batteries will be the “game changer” to help Australia move towards net zero by 2050.
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.
QUEENSLAND GOVERNMENT: Wanted – North Queensland businesses to work on Powerlink transmission project
Queensland’s publicly-owned power transmission company is on the hunt for local businesses, who employ locals, to help deliver the state’s newest transmission project to supply renewable electricity to North Queensland.
ENERGY MAGAZINE: Federal funding for Kidston Pumped Hydro project
The Australian Renewable Energy Agency (ARENA) will provide up to $47 million in funding for Genex’s construction of its Kidston Stage 2 Pumped Hydro Energy Storage (PHES) project.
PV MAGAZINE: Genex confirms construction to begin on 250 MW Queensland pumped hydro plant
Construction is expected to commence on the massive 250 MW Kidston Pumped Hydro Storage Project in the coming weeks after developer Genex Power announced a $115 million share issue which will deliver the final funding required for the project to proceed.
RENEW ECONOMY: Genex goes it alone for Kidston hydro equity after landing new deal from ARENA
Genex will go it alone to provide the equity needed for the massive Kidston pumped hydro energy storage project in north Queensland, announcing a $115 million share issue to raise the remaining funds after a deal with a potential equity partner fell through.
THE MARKET HERALD: Genex Power (ASX:GNX) raises $90M for Kidston
Genex Power (GNX) will soon have enough capital to begin construction on its flagship Kidston Pumped Storage Hydro Project in North Queensland.