ISIN | AU000000GNX5 |
---|---|
Industry | electricity generation |
Headquarters | , |
Revenue | 10,390,000 Australian dollar (2020) |
Owner |
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Website | www |
Genex Power is an Australian electricity generation company.
The firm owns the Kidston Solar Project [1] which has been generating up to 50 MW of electricity since 2017, as well as the Jemalong Solar Project. [2] It is developing the associated Kidston Pumped Hydro storage [3] using the abandoned Kidston Gold Mine.
Genex Power also operates the Bouldercombe 50MW/100MWh battery, [4] located near Rockhampton. Furthermore, the firm has already proposed expanding the solar farm and adding a wind farm in the same area, [5] as well as a solar farm and battery at Bulli Creek, Queensland. [6]
In 2024, it was announced that the Japanese J-Power had completed the purchase of the Australian company in a deal valued at $228 million. [7]
Pumped-storage hydroelectricity (PSH), or pumped hydroelectric energy storage (PHES), is a type of hydroelectric energy storage used by electric power systems for load balancing. A PHS system stores energy in the form of gravitational potential energy of water, pumped from a lower elevation reservoir to a higher elevation. Low-cost surplus off-peak electric power is typically used to run the pumps. During periods of high electrical demand, the stored water is released through turbines to produce electric power.
Hybrid power are combinations between different technologies to produce power.
AGL Energy Ltd is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential and commercial use. It is one of the "big three" retailers in the National Electricity Market. AGL is Australia's largest electricity generator, and the nation's largest carbon emitter. In 2022, 83% of its energy came from burning coal.
Solar power is a major contributor to electricity supply in Australia. As of December 2023, Australia's over 3.69 million solar PV installations had a combined capacity of 34.2 GW photovoltaic (PV) solar power. In 2019, 59 solar PV projects with a combined capacity of 2,881 MW were either under construction, constructed or due to start construction having reached financial closure. Solar accounted for 12.4% of Australia's total electrical energy production in 2021.
Renewable energy in Australia is mainly based on biomass, solar, wind, and hydro generation. Over a third of electricity is generated from renewables, and is increasing, with a target to phase out coal power before 2040. Wind energy and rooftop solar have particularly grown since 2010. The growth has been stimulated by government energy policy in order to limit the rate of climate change in Australia that has been brought about by the use of fossil fuels. Pros and cons of various types of renewable energy are being investigated, and more recently there have been trials of green hydrogen and wave power.
Solar power, also known as solar electricity, is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Solar panels use the photovoltaic effect to convert light into an electric current. Concentrated solar power systems use lenses or mirrors and solar tracking systems to focus a large area of sunlight to a hot spot, often to drive a steam turbine.
Kidston Dam also known as Copperfield Dam is a dam in Lyndhurst, Shire of Etheridge, Queensland, Australia. It is approximately 200 kilometres (120 mi) north of Hughenden and was built for the Kidston Gold Mine. The mine closed July 2001. The lake created by the dam has a capacity of 20,600 megalitres.
South Australia is a leader in utility-scale renewable energy generation, and also produces gas and uranium for electricity generation. Gas production is mostly concentrated in the Cooper Basin in the state's north-east. Gas is delivered from these fields by pipeline to users interstate and to Port Adelaide where it fuels three separate gas-fired power plants. Uranium is also mined in South Australia, though nuclear power generation is prohibited nationally. The Olympic Dam mine is the world's single largest known deposit of uranium and represents 30% of the world's total uranium resource. Many utility-scale wind farms and solar farms have been commissioned during the 21st century and geology with potential for geothermal energy has also been identified but is yet to be developed.
The Australian Renewable Energy Agency (ARENA) is an independent agency of the Australian federal government, established in 2012 to manage Australia's renewable energy programs, with the objective of increasing supply and competitiveness of Australian renewable energy sources.
The electricity sector in Australia has been historically dominated by coal-fired power stations, but renewables are forming a rapidly growing fraction of supply. In 2021, Australia's electricity production reached 265 TWh, with coal accounting for 52.9% and natural gas for 18.8%. Renewable sources, comprising solar, wind, hydro, and bioenergy with waste, collectively made up 26.7% of the total electricity generation mix.
Kennedy Energy Park is a wind, solar and storage hybrid power station approximately 20 km south east of Hughenden and 290 km southwest of Townsville in Queensland.
The Tesla Megapack is a large-scale rechargeable lithium-ion battery stationary energy storage product, intended for use at battery storage power stations, manufactured by Tesla Energy, the energy subsidiary of Tesla, Inc.
ACEN Corporation, formerly AC Energy, is the energy firm under the Ayala Group. The company has over 4,000 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia, with a renewable share of 98% which is among the highest in the region.
Kidston Gold Mine is a former open cut gold mine in northern Queensland, Australia.
Kidston Solar Project is a photovoltaic solar power station built on top of the former Kidston Gold Mine utilising the tailings storage facility in northern Queensland, Australia. The project consists of two solar farms, KS1 and KS2. The Kidston Solar Project is the first of four projects that comprise the Kidston Clean Energy Hub also occupying this area. A 250 megawatt (MW) hydro-pumped storage power generation project and a 150 MW wind farm make up the third and forth components. The site is located close to an existing substation and transmission line.
Jemalong Solar Farm is a 50MW solar farm in the locality of Jemalong 30 kilometres (19 mi) west of Forbes in New South Wales, Australia. It is owned and operated by Genex Power.
Snowy 2.0 Pumped Storage Power Station or Snowy Hydro 2.0 or simply Snowy 2.0 is a pumped-hydro battery megaproject in New South Wales, Australia. The dispatchable generation project expands upon the original Snowy Mountains Scheme connecting two existing dams through a 27-kilometre (17 mi) underground tunnel and a new, underground pumped-hydro power station. Construction began in 2019. It is expected to supply 2.2 gigawatts of capacity and about 350,000 megawatt hours of large-scale storage to the national electricity market. It is the largest renewable energy project under construction in Australia. It includes one of the largest and deepest cavern excavations ever undertaken. It also includes the longest tunnels at 27 kilometres in length, of any pumped-hydro station ever built.