Genex unveils 50-MW battery storage project in Queensland

Sydney-based power generation firm Genex Power Ltd (ASX:GNX) today unveiled plans to install a 50-MW/75-MWh battery storage system in Queensland.

The so-called Como energy storage facility will use lithium-ion batteries that will offer 1.5 hours of storage, Genex said in a corporate presentation to investors. The system is planned to be built in proximity to existing transmission infrastructure in Queensland, with a view to entering the market for energy arbitrage and Frequency Control Ancillary Services (FCAS) for the grid by the end of 2021. According to the developer, the project has the potential to “deliver a step change in revenues” by next year’s fourth quarter. The connection process with local transmission provider Powerlink has already been initiated.

The specific location for the project has been identified but not cited in the announcement. Genex noted that currently no large scale grid-scale batteries operate in Queensland and such facilities will be able to reduce renewable energy curtailment, provide frequency regulation and support rapid and flexible ramping. It also pointed out the “strong business” for energy arbitrage considering the growing penetration of rooftop solar.

Genex is also proposing a 250-MW pumped storage hydro project in Queensland that will be part of a renewable energy hub comprising wind and solar power plants.

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