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Energy

Jan 29, 2020
Green light for major battery storage project

Green light for major battery storage project

Wandoan is set to host one of Australia’s largest grid-scale batteries under a 15-year agreement between AGL and Vena Energy Australia. AGL chief executive officer Brett Redman said the Battery Energy Storage System (BESS) would have a capacity of 100 megawatts (MW) and store 150 megawatt hours of energy, which could power up to 57,000… ...

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Dec 19, 2019
Christmas Q&A – Glen Graham

Christmas Q&A – Glen Graham

Glen Graham is chief executive officer of the Mount Isa to Townsville Economic Development Zone Inc (MITEZ). He joined iQ for a quick Christmas Q&A…. What was the greatest achievement or advance in your industry/organisation in the past year? 2019 has seen significant progress towards advancing irrigated cropping as a significant industry across the MITEZ… ...

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Dec 05, 2019
CopperString power plan  attracts major investor

CopperString power plan attracts major investor

The proponents of the $1.5 billion CopperString 2.0 project have entered into a development partnership with infrastructure fund manager DIF Capital Partners. CuString said the agreement provided significant development funding and long-term capital investment for the project. “We’re very excited to have entered into this agreement with DIF. DIF’s involvement in CopperString 2.0 reflec...

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Nov 22, 2019
J-Power backs Kidston pumped storage project

J-Power backs Kidston pumped storage project

J-Power has recommitted to the Kidston pumped storage hydro project, signing a new memorandum of understanding with project proponent Genex Power. “We are delighted that J-Power has shown faith in Genex and our K2-Hydro project with the execution of this MOU and to continue discussions along the lines of those originally announced in June this… ...

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Nov 21, 2019
Hydrogen forum sparks industry working group

Hydrogen forum sparks industry working group

A Hydrogen Industry Forum in Townsville has sparked plans to set up a working group with a focus on industrial land on the city’s southern outskirts. State Development Minister Cameron Dick said the private sector had identified Townsville as an optimal location to develop hydrogen projects with long-term potential for the export of renewable hydrogen…. ...

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Nov 18, 2019
State reveals detail on rail incentive scheme

State reveals detail on rail incentive scheme

The State Government has finalised guidelines around an $80 million incentive scheme for commercial freight users on the Mount Isa Line. In town for a Cabinet meeting, Premier Annastacia Palaszczuk visited the Mount Isa Line today and said the Queensland Government’s investment would support the growth of the mining industry in the state’s north west…. ...

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Nov 16, 2019
CopperString highlights power plight

CopperString highlights power plight

High electricity prices are robbing North West Queensland of new investment despite its enormous mineral wealth, the proponent of the $1.5 billion CopperString transmission project warns. CopperString 2.0 founder and executive chairman John O’Brien was commenting in the lead-up to next week’s Queensland Cabinet visit to Mount Isa. He said industrial electricity prices in the… ...

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Nov 13, 2019
Genex wins breathing space on $610m NAIF loan offer

Genex wins breathing space on $610m NAIF loan offer

The Northern Australia Infrastructure Facility (NAIF) Board has extended its $610 million loan offer for the Kidston Stage 2 pumped storage hydro project. Concerns were raised over the status of the loan offer last week after electricity retailer EnergyAustralia dashed proponent Genex Power’s hopes of reaching financial close on the project this quarter when it… ...

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Nov 12, 2019
Bowen Basin gas deal for NQ battery chemicals plant

Bowen Basin gas deal for NQ battery chemicals plant

A planned $415 million battery chemicals plant in Townsville will be powered by gas from the Bowen Basin under an agreement announced today. Blue Energy has signed a non-binding MOU with Queensland Pacific Metals, the proponents of the Townsville Energy Chemicals Hub (TECH) project. The news comes one month after Blue Energy signed an MOU… ...

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