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#1
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Pumper Hydro green, clean and $$$$
Read full article summarised below: https://www.afr.com/companies/energy...0230803-p5dtjb
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
#2
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Australia's best bet on pumped hydro
https://www.afr.com/companies/energy...0230802-p5dtcd
Summary of the article: Genex Power's Kidston pumped hydro project is being drilled 220 metres under an old gold mine in Queensland, Australia. The project is expected to cost $777 million and will be able to store up to 2,000 gigawatt hours of energy. This is equivalent to eight hours of firmed renewable power, which is seen as the "holy grail" of Australia's energy transition to net zero by 2050. The project is expected to be completed in 2025. The article also discusses the challenges of building pumped hydro projects, such as the high cost and environmental impact. However, the author argues that pumped hydro is a vital technology for storing renewable energy and helping Australia achieve its net zero emissions target. Here are some additional details from the article: The Kidston project will use two reversible 125 MW turbines to generate electricity when water is released from the upper reservoir to the lower reservoir. The project will also include a 130 km transmission line to connect it to the National Electricity Market. Genex Power is also developing a smaller pumped hydro project at Mount Stuart in Queensland. Overall, the Kidston pumped hydro project is a significant investment in Australia's energy future. It is a large-scale project that will help to store renewable energy and provide reliable power to the grid. The project is expected to be completed in 2025, and it is a key part of Australia's plan to achieve net zero emissions by 2050.
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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