Genex Power Limited (ASX: GNX) is an Australian company focused on generation and storage of renewable energy
Genex is developing a renewable energy hub in north Queensland, integrating large-scale solar with pumped storage hydro. The Genex Kidston Renewable Energy Hub is a world first, innovative integration of intermittent solar energy with low cost energy storage creating “Renewable Energy On Tap”. In addition, the Company has acquired the 50MW Jemalong Solar Project, located near Forbes in NSW, which is also under development.
Genex Power Limited is focused on developing a portfolio of renewable energy generation and storage projects across Australia. The Company’s flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro.
The Kidston Clean Energy Hub comprises the operating 50MW stage 1 Solar Project (KS1) and the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) with potential for further multi-stage wind and solar projects.
The Jemalong Solar Project (JSP) in NSW provides geographical diversification and generates 50MW of power from the end of 2020. Genex is further developing its energy storage portfolio via the early stage development of a 50MW/75MWh standalone battery energy storage system at Bouldercombe in Queensland.
With over 400MW of renewable energy & storage projects in development, Genex is well placed as Australia’s leading renewable energy and storage company.
Genex continues to acknowledge the support of key Federal and State Government stakeholders such as the Australian Renewable Energy Agency , the Northern Australia Infrastructure Facility and the Queensland State Government.
Chief Executive Officer