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Genex Power Ltd

Genex Power uses solar-hydro combination to enhance renewable offering

Genex Power Ltd (ASX:GNX) executive director Simon Kidston speaks to Proactive Investors about the renewable energy company's hybrid solar-hydro energy solution.
 
The company has used an old open pit mine to add an integrated pump storage hydro project to its solar farm, effectively creating what Kidston calls a "water battery".
 
The combination addresses the problem of storing energy generated by solar farms and has helped drive Genex to a strong cash position. 
 
While its current operations are Queensland based - Genex Power has a contract with the Queensland government - the company is soon set to expand its offering to New South Wales.

Quick facts: Genex Power Ltd

Price: $0.20

Market: ASX
Market Cap: $78.36 m
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