GNX – Genex Power | Aussie Stock Forums

not much on GNX, and @Austwide has concerns. To me, it all sounds a bit tricky/ difficult (but it is in my greenish watchlist for obvious reasons). Shareprice hasn’t gone anywhere in 2 years.

Kidston is a moribund and remote minesite, with advantages only being the two pits at different elevations (for pumped hydro) and the associated infrastructure, especially HV powerlines in/ out, a few sealed roads and housing..

The Kidston Clean Energy Hub is comprised of the operating 50MW stage 1 Solar Project (KS1) and the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) with potential for further multi-stage wind and solar projects. In May it signed Financial Close on Kidston.

As well, the 50MW Jemalong Solar Project is located in NSW and provides geographical diversification to the Genex Power Limited portfolio. JSP was energised in early December 2020 and is now fully operational. Genex is further developing its energy storage portfolio via the development of a 50MW/100MWh standalone battery energy storage system at Bouldercombe in Queensland.

Today, Genex Power Limited announced that it has executed an Autobidder Offtake Agreement in relation to the Bouldercombe Battery Project located near Rockhampton, with Tesla Motors Australia Pty Ltd. The rationale behind developing this innovative arrangement with Tesla for the BBP was to balance the requirement for a minimum level of contracted revenues to support project financing, whilst retaining the ability to capture revenue upside beyond a fixed guaranteed amount. Hence, the Agreement provides for a fixed and floating payment (revenue share) structure, whereby the fixed component extends cash flow certainty to the Project lenders whilst the floating revenue share component allows the Company to retain upside revenue exposure to merchant cash flows from the energy arbitrage and frequency control ancillary services markets.

Under the Agreement, Tesla will operate the BBP using its proprietary algorithm-based bidding system, Autobidder, to maximise revenues in each given year. Autobidder is a real-time trading and control platform which employs a machine learning algorithm to optimise dispatch behaviour whilst adapting to new markets and services.