Genex inks nework deal for 50-MW Queensland battery project

Australia’s Genex Power Ltd (ASX:GNX) has picked a site for the installation of a 50-MW/75-MWh battery storage system in Queensland after signing a deal with network company Powerlink.

Sydney-based Genex has picked a site in Bouldercombe, in North Queensland, for what will become its first large-scale battery energy storage facility. The company said in a press release it has signed an investigation licence and tenure arrangement agreement with local transmission provider Powerlink Queensland to connect the proposed system to its existing substation located in close proximity to the selected site.

Once operational in the first half of 2022, the Bouldercombe battery will operate on the markets for energy arbitrage and Frequency Control Ancillary Services (FCAS).

A preferred battery supplier and integrator has been already chosen for the project following a competitive tender process. The name of Genex’s partner, however, was not provided.

The development of the scheme is in line with Genex’s plans to expand its exposure to the energy storage market. The company noted reaching financial close on its 250-MW Kidston 2 pumped hydro storage project in Queensland remains its “top priority.”

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