Green Energy, On Demand
Evolving energy market.
the need for storage
Growth of intermittent wind and solar creating volatility in the
market
Need for low-cost, large-scale storage to facilitate high penetration
of renewables and maintain reliability requirements
$120.00
$100.00
$80.00
5 minute settlement has increased volatility
$60.00
4
Large-scale batteries can respond to the market in under
a second
$/MWh
$40.00
$20.00
Genex is addressing the need for energy storage via:
250MW Kidston Pumped Storage Hydro Project; and
50MW Bouldercombe Battery Project.
Genex | Green Energy, On Demand | Presentation
is
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Paid to Charge / Paid to Discharge
QLD Retail Electricity Price
Queensland Electricity Prices - 11 September 2021
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Source: AEMOView entire presentation