Australia’s first 250 MW Pumped Hydro Energy Storage to be launched by 2024

Sydney, Australia (Natural Energy News): Australia is on the cusp of a significant milestone in its energy landscape as the country's first pumped hydro energy storage project in over four decades nears completion, with a highly anticipated launch slated for 2024. The driving force behind this ambitious endeavor is Genex Power, a leading developer in the energy sector. The latest reports from the company indicate that construction of the Kidston pumped hydro project has not only been progressing at an impressive pace but has also surpassed the halfway mark, marking a crucial achievement in the project's timeline.

Australia’s first 250 MW Pumped Hydro Energy Storage to be launched by 2024

A Resurgence in Pumped Hydro Energy Storage

Genex Power, headquartered in Sydney, has been diligently overseeing the construction of the Kidston Pumped Storage Hydro Project. Nestled in the far north of Queensland, this project boasts a commendable capacity of 250 MW, coupled with an energy storage capability of 2 GWh. The developments have been unfolding rapidly, with the subterranean construction activities expected to conclude by the end of the current year.

What makes this project particularly captivating is its location – within the confines of the disused Kidston gold mine, approximately 380 kilometers west of Townsville. This initiative serves as a cornerstone of the Kidston Clean Energy Hub, a monumental undertaking valued at an impressive $777 million, equivalent to USD 500 million. The energy hub's comprehensive scope encompasses a 50 MW solar farm that is already operational, alongside a robust 258 MW wind power capacity.

Setting the Stage for a New Energy Era

With projected commencement slated for the second half of 2024, the Kidston pumped hydro energy storage facility is poised to become a game-changer. Once fully operational in 2025, it is designed to provide an uninterrupted energy supply to the grid for an impressive duration of up to eight hours. This inherent capability is set to play a pivotal role in stabilizing energy distribution during peak demand periods, thereby enhancing the grid's overall reliability.

Genex has already entered into a significant off-take agreement with EnergyAustralia, a strategic move aimed at harnessing the considerable storage capacity of the facility. This partnership is anticipated to come into play during instances of low renewable energy output, such as the transitional periods at the start and end of each day.

Milestones Achieved and Future Prospects

Recent developments underscore the project's substantial progress. Genex proudly announced the successful completion of the powerhouse cavern's roof, which sits an impressive 250 meters beneath the earth's surface. Upon finalization, the cavern is set to span 80 meters in length, 18 meters in width, and an impressive 45 meters in height. Its dimensions will comfortably accommodate two reversible turbines, capable of generating an impressive 250 MW of responsive renewable energy.

The landscape is evolving not only below but also above ground, with evident advancements in the development of both the upper and lower reservoirs situated within pre-existing mining pits. Furthermore, the intricate web of electrical infrastructure is rapidly taking shape, reaffirming the project's march towards successful completion.

Fostering Growth and Progress

Genex's unwavering commitment has not only propelled the Kidston pumped hydro project past the halfway point but has also generated a ripple effect of positive impact. The project is serving as a catalyst for employment opportunities, stimulating supply chains, and nurturing growth within the manufacturing sector.

Mick de Brenni, Queensland's Energy Minister, has lauded the endeavor for its role in job creation. He emphasized that approximately 900 direct jobs are expected to be created, thereby invigorating the local economy. This endeavor aligns harmoniously with Queensland's ambitious renewable energy objectives, which aim to achieve 70% renewable energy by 2032 and an even more ambitious 80% by 2035.

A Glance into the Future

Upon reaching operational status, the Kidston pumped hydro facility is poised to be a driving force in the region's energy landscape. It is projected to generate a substantial amount of energy, with the capacity to power towns comparable in size to Cairns, Townsville, and Rockhampton continuously for eight hours each day. This monumental achievement closely echoes the aspirations outlined in the Queensland Energy and Jobs Plan, underscoring the promise of a cleaner, more sustainable energy future for the region.

Conclusion

As Australia inches closer to the completion and launch of its first pumped hydro energy storage project in over four decades, the energy landscape of the country is on the brink of transformation. Genex Power's Kidston pumped hydro project stands as a beacon of innovation and progress, demonstrating the potential of harnessing renewable resources to drive both economic growth and environmental sustainability. The project's milestones achieved thus far are a testament to the commitment and dedication of all stakeholders involved. As the Kidston pumped hydro facility prepares to come online, it holds the promise of providing a stable and continuous energy supply, contributing to the realization of Queensland's ambitious renewable energy goals and charting a course toward a brighter, greener future