Australia needs more publicly-listed renewable energy companies...

Australia needs more publicly-listed renewable energy companies and losing an industry disruptor in Genex would have been a hit. It's a fascinating story and one the renewable industry needs to capture the imagination on a necessary decarbonisation of our electricity grid.

The Water Ingress Event has cost well over a year of K2H revenue, and shouldn't be ignored when assessing the outcome. Genex is in a better M&A place, thanks to its engagement with SKIP, but it has a time cost of a quarter of productivity. You couldn't fault the Board for keeping the sign up, in case a tentative buyer sees an opportunity, having been working towards sale.

Another event would require Genex to go to market for $50mn-100mn. It's a far more precarious position and very different from that of September 2022. K2H needs a steady six months coupled with the Bouldercombe Battery coming online on time and without issue.

Regards
Jeremy