Tesla signs offtake agreement for 50 MW Bouldercombe battery storage system in Queensland

Genex Power (GNX) has signed an offtake agreement with Tesla Motors Australia for the Bouldercombe Battery Project in central Queensland. Under the offtake agreement, Tesla will operate the project using its proprietary algorithm-based bidding system, Autobidder.

After eight years, once the agreement has concluded, Genex will enter into a license agreement with Tesla to operate Autobidder on the project.

The deal follows a supply agreement signed in October that agreed to see Tesla provide the project with 40 Tesla Megapacks, an all-in-one utility-scale energy storage system optimised for cost and performance.