CS Energy is an Australia-based electricity generating company fully owned by the
Government of Queensland
The Queensland Government is the state government of Queensland, Australia, a parliamentary constitutional monarchy. Government is formed by the party or coalition that has gained a majority in the state Legislative Assembly, with the governo ...
with its head office located in
Fortitude Valley,
Brisbane
Brisbane ( ; ) is the List of Australian capital cities, capital and largest city of the States and territories of Australia, state of Queensland and the list of cities in Australia by population, third-most populous city in Australia, with a ...
. The company was established in 1997 and employs more than 500 staff. Tony Bellas is the Board Chair and Darren Busine is the Chief Executive Officer.
The company's generation portfolio comprises
coal-fired power station
A coal-fired power station or coal power plant is a thermal power station which burns coal to generate electricity. Worldwide there are about 2,500 coal-fired power stations, on average capable of generating a gigawatt each. They generate ...
s, energy storage and renewable energy offtakes. CS Energy has a trading portfolio of 3,535 megawatts in Australia's national electricity market. The company owns and operates
Kogan Creek Power Station and Callide B Power Station. CS Energy also owns
Callide Power Station in a 50/50 joint venture with InterGen.
CS Energy is adding the 100 MW/200 MWh Chinchilla Battery grid-scale battery to its Kogan Creek site on the Western Downs. Construction is currently underway on the battery and it is expected to be operational in late 2023.
CS Energy was awarded
A$32 million in 2010 to help construct Australia's first large-scale
solar thermal project at Kogan Creek Power Station.
Funding was provided by the
Rudd Government
Rudd Government may refer to the following Australian governments:
* Rudd government (2007–10)
* Rudd government (2013)
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under the Renewable Energy Demonstration Program. However, in March 2016, it was announced that CS Energy would 'pull the plug' on that project, at a loss of $40M to CS Energy and $6M to ARENA.
In 2020,
Stanwell and CS Energy were accused of driving up prices by creating an artificial lack of supply.
CS Energy and Stanwell are defending a class action filed by a law firm and backed by litigation funders related to historical electricity prices. CS Energy has publicly rejected the claims being made and is strongly defending the class action. An initial hearing is scheduled to commence in the Federal Court of Australia in June 2024.
Assets
Major assets owned by CS Energy include:
*
Callide Power Station
*
Kogan Creek Power Station and
Kogan Creek Mine
* Chinchilla Battery (operational)
* Greenbank Battery (under construction)
Management
Martin Moore was the CEO in 2017. Andrew Bills was appointed as CEO in 2018 and resigned in February 2023 following his appointment as CEO of SA Power Networks. Darren Busine was appointed as the new permanent CEO in June 2023.
In June 2023, Jim Soorley resigned as Chairman of CS Energy. Queensland Energy Minister Mick de Brenni confirmed Mr Soorley “has made the decision” to leave the role he has held since 2015 and will be replaced by CS Energy director Adam Aspinall.
See also
*
List of active power stations in Queensland
*
National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale ele ...
References
External links
CS Energy
{{DEFAULTSORT:Cs Energy
Government-owned companies of Queensland
Electric power companies of Australia
Energy companies established in 1997
Companies based in Brisbane
Energy in Queensland
1997 establishments in Australia
Government-owned energy companies