Genex Power Limited has announced that it has achieved energisation of the 50MW/100MWh Bouldercombe Battery Project (BBP) in Rockhampton, Queensland.
According to Genex, energisation is a significant construction milestone since it allows BBP to begin the commissioning phase before full operations commence. This significant milestone signifies yet another project that Genex completed on time and under budget.
Genex partners Powerlink, Consolidated Power Projects, and Tesla Motors Australia Pty Ltd have completed the required works for BBP’s commissioning phase to begin, including successful energisation of the Powerlink transformer and high voltage balance of plant components, as well as initial energisation of the Megapack units. The commissioning phase will be completed in the following months to guarantee the Project is fully operational before the peak summer season. During this phase, Genex will profit from the Project.
After commissioning, BBP will be run under the Autobidder Offtake Agreement with Tesla. According to the terms of the Agreement, Tesla will run the plant to maximise revenues in the energy arbitrage and frequency control ancillary services sectors while guaranteeing minimum levels of revenues. Genex captures most of the upside over this minimal threshold, with a fraction split with Tesla to match incentives. This guarantees that Genex directly benefits from substantial volatility and wholesale market pricing occurrences in terms of revenue.
The energisation of the BBP is a significant accomplishment for Genex since it represents the company’s first large-scale Battery Energy Storage System. The Project will store and provide up to 35,200MWh per year and is one of the first large-scale battery energy storage systems to be linked in Queensland. The BBP will also offer the necessary ancillary services to support the Queensland grid’s security and dependability while increasing the Company’s existing income, profitability, and cash flow.
“We are extremely pleased to achieve energisation for the 50MW/100MWh Bouldercombe Battery Project. This is a significant milestone for Genex as it marks the start of the commissioning of our first battery project which is one of the first standalone large-scale Battery Energy Storage Systems in Queensland,” Genex Chief Executive Officer James Harding said.
Harding stated that given the rapidity of the clean energy transition over the last year, the Project’s successful connection would aid in the wider penetration of renewable energy throughout the State.
“Genex has developed a strong relationship with our partners Powerlink, Tesla and Consolidated Power Projects over the course of the development and construction of the Bouldercombe Battery Project and we look forward to working closely together over the coming months to complete commissioning activities and enter into full-scale commercial operation before the critical summer period,” he added.
