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.
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