Genex Power Limited announced that it has executed an Autobidder Offtake Agreement (Agreement) in relation to the 50MW/100MWh Bouldercombe Battery Project located near Rockhampton in central Queensland (BBP or the Project), with Tesla Motors Australia Pty Ltd. (Tesla). Under the Agreement, Tesla will operate the BBP using its proprietary algorithm-based bidding system, Autobidder, to maximise revenues in each given year. Autobidder is a real-time trading and control platform which employs a machine learning algorithm to optimise dispatch behaviour whilst adapting to new markets and services. After 8 years and upon conclusion of the Agreement, Genex will enter into a license agreement with Tesla to operate Autobidder on the Project. Autobidder has been successfully deployed on over 1GWh of Tesla projects globally.