Genex Power has secured land adjacent to Powerlink’s Bouldercombe substation near Rockhampton for its large-scale battery storage project.
The energy company said it intended to fast-track the development and would seek to have the project operational in the first half of 2022.
Genex has also selected its preferred battery supplier following a competitive tender process, but did not name the company in today’s announcement.
“Genex is pleased to have signed this agreement with Powerlink in relation to the proposed 50MW/75MWh battery energy storage system project at Bouldercombe,” chief executive officer James Harding said.
“The Bouldercombe battery project is the first large-scale battery project as part of our Project Como strategy to broaden our footprint in energy storage.
“This represents an exciting opportunity for us to apply the extensive market knowledge we have gained from developing the Kidston Pumped Storage Hydro Project towards broadening and diversifying our storage portfolio, and to capture a significantly enhanced revenue generation profile.
“Following an extensive search and selection process, the Bouldercombe site presents the ideal location for the project and we are pleased to have secured access to it under the agreement with Powerlink.
“The appointment of a preferred battery system supplier now allows us to commence the grid connection process which is on the critical development path for the project.”
The 50MW/75MWh battery storage project is expected to cost about $50 million to bring online while the Kidston pumped hydro project south-west of Cairns will cost about $700 million.
Mr Harding said that achieving financial close on the Kidston project remained the company’s top priority, alongside successful delivery of the 50MW Jemalong solar project in New South Wales.