2GW pumped hydro energy storage project in Queensland, Australia, progresses

July 10, 2024
LinkedIn
Twitter
Reddit
Facebook
Email
The pumped hydro energy storage system will be located at Lake Borumba (above). Image: Queensland Hydro.

Queensland Hydro has launched a public consultation phase for its 2GW Borumba Pumped Hydro Project in Australia.

The pumped hydro energy storage system (PHES) will be located at Lake Borumba, near Imbil, west of the Sunshine Coast, and is targeting first power in 2030.

It will cost around AUS$14.2 billion (US$9.6 billion) to develop and build. In June 2023, the Queensland government revealed that it would provide AUS$6 billion in funding for the project.

An Expression of Interest (EOI) has now opened, inviting community members to indicate their interest in one of three initiatives. This includes joining the reformed stakeholder reference group, participating in one of the newly established focus groups, or serving on the community benefits panel.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

A community benefits framework has also been confirmed for the project. Due to be finalised later this year, the framework includes an initial AUS$5 million funding package to deliver local mountain bike and walking trails.

Queensland Hydro CEO Kieran Cusack said earlier this year community feedback was sought on how to best deliver lasting, positive benefits through its programs and initiatives.

“We care about our communities and stakeholders and want them to have a say in the process to shape our proposed projects,” Cusack said.

“We’ll work closely and transparently with the community to honour the diverse perspectives and local knowledge they bring. We want to be good neighbours, and this means listening to local communities so we can co-design our projects with their input.”

Queensland’s largest PHES

Queensland is set to become home to numerous PHES projects. The state is looking to provide a flexible solution as its grid continues to integrate renewable energy into its mix as coal-fired power plants are withdrawn.

In June 2023, the state’s largest PHES project, the 5GW Pioneer-Burdekin Pumped Hydro Project, which would offer long-duration energy storage (LDES) over a 24-hour discharge duration, awarded key contracts to progress its development.

17 March 2026
Sydney, Australia
As we move into 2026, Australia is seeing real movement in emerging as a global ‘green’ superpower, with energy storage at the heart of this. This Summit will explore in-depth the ‘exponential growth of a unique market’, providing a meeting place for investors and developers’ appetite to do business. The second edition will shine a greater spotlight on behind-the-meter developments, with the distribution network being responsible for a large capacity of total energy storage in Australia. Understanding connection issues, the urgency of transitioning to net zero, optimal financial structures, and the industry developments in 2026 and beyond.

Read Next

December 5, 2025
Battery energy storage systems (BESS) equipped with grid-forming inverters have emerged as essential components for maintaining system stability in Australia’s National Electricity Market (NEM) as renewable energy penetration increases.
December 4, 2025
Jason Beer of Fluence Australia, discusses some energy trends in Australia that are set to influence the development of the storage market.
December 4, 2025
Zenith secures 25-year PPA with Northern Star for 532MW hybrid project featuring a 138MW/300MWh BESS at Kalgoorlie gold mine in Australia.
December 3, 2025
Stanwell bags rights to Quinbrook’s 6.24GWh Gladstone Energy Hub, combining 780MW battery energy storage with gas generation in Queensland.
December 3, 2025
Energy-Storage.news proudly presents our sponsored webinar with Trina Storage, ‘Powering Certainty: Bankable Energy Storage, with Elementa 2 Pro’.