Work packages awarded for 48 GWh pumped hydro project
Queensland Hydro has announced more than $190 million in work packages linked to the construction of the 2 GW / 48 GWh Borumba pumped hydro energy storage project being developed near Gympie in the state’s southeast.
Tasmania’s hydropower network upgrade clears way for Battery of the Nation vision
Australia’s largest generator of clean, renewable energy, Hydro Tasmania will invest $1.6 billion over the coming decade to upgrade and modernise its existing hydropower network, with spillover benefits for its Battery of the Nation ambition.
New tunnel boring machine to get Snowy 2.0 back on track for 2028 deadline
A new tunnel boring machine will be deployed at the $12 billion Snowy 2.0 renewable energy project to stay on track with its operational deadline of December 2028.
Genex Power $381 million takeover by Japanese utility J-Power is finalised
Japanese utility giant Electric Power Development Company, known as J-Power, has acquired Sydney-headquartered renewables energy and storage developer Genex Power with a $381 million deal backed by its shareholders.
Pumped hydro projects declared high priority by NSW government
Three pumped hydro projects that would deliver a combined 1,035 MW / 9,480 MWh of dispatchable capacity are among six projects that have been declared critical state significant infrastructure by the New South Wales government, potentially smoothing the way for their approval.
Early site investigations firm plans for 120 GWh pumped hydro project
Plans to build a 5 GW / 120 GWh pumped hydro energy storage system in Queensland’s Pioneer Valley have received a positive boost with geotechnical investigations revealing the site is ideally suited for dam and tunnel construction.
Southeast Asia bets big on pumped hydro with 18 GW tipped by 2033
The increasing role of pumped hydro technology in Australia’s renewable energy transition is expected to be mirrored in the neighbouring Southeast Asia region with international consultancy Rystad Energy tipping the total capacity of operational projects will surge from the current 2.3 GW to 18 GW by 2033.
Japanese utilities giant’s proposed takeover of Genex lands FIRB approval
Japanese energy utility J-Power’s proposed acquisition of Australian renewables and pumped hydro developer Genex Power has received Foreign Investment Review Board approval.
AGL and Origin switch gears on energy transition strategy
AGL Energy has followed suit with Origin Energy to say it will shift from direct investment into renewable energy generation toward decarbonisation targets, favouring alternatives like pumped hydro, gas and batteries.
BE Power adds 9.6 GWh pumped hydro project to Queensland pipeline
Queensland’s pipeline of pumped hydro storage projects continues to grow with Victorian-based renewables company BE Power announcing plans to develop an 800 MW / 9.6 GWh project at Mount Alma near Gladstone.
