GE Renewable Energy and BE Power have agreed to co-develop the 400MW Big-T (Cressbrook) pumped storage project in Toowoomba, Australia.
The firms signed an agreement that will see GE Renewable Energy’s Hydro Solutions business will work alongside BE Power and its partners to optimize and finalize the design of the plant and help the project secure financing and reach commercial operations.
“The Big-T Pumped Hydro Storage Power Plant will help facilitate new wind and solar projects and provide firming and grid support services at a critical point in the National Electricity Market,” said Scott Walkem, Managing Director of BE Power. “Being the first new pumped hydro project completed in Queensland in over 35 years, the Big T will help balance the output of wind and solar across the market, ensuring power is available when needed,”.
As Queensland pushes towards its target of 50% renewables by 2030, projects such as the Big T will be vital enablers, ensuring that supply continues to meet demand, despite the variable nature of other renewable energy resources.