- Genex Power (GNX) has secured an agreement with Powerlink Queensland to access land adjacent to its Bouldercombe substation in Queensland
- Genex is aiming to develop a large-scale battery energy storage system project with an initial capacity of 50 to 75 megawatts per hour
- Significantly, this project expected to be the first of its kind in Queensland
- Now that the agreement has signed, Genex is aiming for the project to be operational by the first half of 2022
- Gaining land access will depend on whether a connection and access agreement secured between Genex and Powerlink
- Company shares are trading flat at 19.5 cents
Genex Power: Secures agreement with Powerlink for battery energy storage system
