What is Genex Power?
Genex Power Limited is an Australian entity focused on the development of renewable energy generation and storage projects. Its primary asset, the Kidston Pumped Storage Hydro Project, is a cornerstone of its strategy, integrating battery energy storage, solar power, and pumped hydro capabilities. The company's portfolio extends to multiple solar and battery projects, positioning it as a key player in facilitating Australia's transition towards a sustainable energy future, while also fostering economic growth and job creation through responsible resource management.
How much funding has Genex Power raised?
Genex Power has raised a total of $107M across 1 funding round:
Debt
$107M
Debt (2024): $107M with participation from DZ Bank Deutsche Zentral-Genossenschaftsbank Aktiengesellsch and Westpac
Key Investors in Genex Power
DZ Bank Deutsche Zentral-Genossenschaftsbank Aktiengesellsch
DZ Bank is a German financial institution providing a wide array of financial services and acting as a holding company for its group entities.
Westpac
Westpac is an Australian multinational bank offering comprehensive financial services including deposits, lending, and wealth management across Australia and New Zealand.
What's next for Genex Power?
The recent major strategic investment in Genex Power signals a strong validation of its project pipeline and its contribution to Australia's clean energy transition. This backing is likely to accelerate the development and deployment of its renewable energy and storage solutions, potentially enabling further expansion into new markets or enhancement of existing infrastructure. The company's focus on integrated renewable energy hubs suggests a strategy aimed at providing reliable and dispatchable clean power, a critical need for grid stability during the ongoing energy transformation.
See full Genex Power company page
