equity raise

Elsewhere in Queensland, developer Genex is building Australia's first new PHES plant in 40 years at the site pictured, in Kidston. Image: Genex Power.

First new pumped hydro plant in Australia for nearly 40 years approaches financial close

March 30, 2021
A pumped hydro energy storage (PHES) project at a former gold mine in Queensland, Australia which would be able to store 250MW of power for up to eight hours has raised significant funding in the past few days.

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