Toowoomba Regional Council has endorsed BE Power Pty Ltd to progress to the next stage of the tender process for Council's New Energy Generation project.
Council approved the step at its September Ordinary Meeting.
Toowoomba Region Mayor Paul Antonio said he was pleased with how the tender process was progressing.
He said the approval allowed Council to continue taking steps towards using its existing land and water assets to generate energy.
"BE Power is proposing to develop a pumped hydro energy storage facility at Lake Cressbrook," Mayor Antonio said.
"Pumped hydro energy storage works like a giant battery, storing energy for use at peak times.
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