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Press release - Looking forward to Snowy 2.0

Press release - Looking forward to Snowy 2.0

Since the days of our pioneering past, we’ve grown and today we’re looking forward as we take on the energy challenges of tomorrow.

Snowy Hydro operates the Snowy Mountains Scheme, along with other power assets across New South Wales, Victoria and South Australia. Snowy Hydro is a dynamic energy company supplying electricity to around one million homes through its retail businesses Red Energy and Lumo Energy and the utility connections business, Direct Connect.

We have embarked on the exciting Snowy 2.0 project, which will significantly expand the Scheme to meet future energy needs in a changing and increasingly lower emissions economy.

Snowy 2.0 will supercharge the Snowy Scheme’s existing hydro-electric generation and large-scale storage capabilities. The fast-start, on-demand generation of pumped-hydro and Snowy 2.0’s massive storage capacity will be vital as more intermittent, renewable energy sources such as wind and solar come online and coal-fired power stations retire.

Snowy 2.0 will add 2,000 megawatts of energy generation and provide 175 hours of storage for the National Electricity Market (NEM), enough to ensure the stability and reliability of the system during prolonged weather events, such as wind or solar ‘droughts’.

Snowy Hydro already plays a critical role in ensuring system stability and at times of peak demand, we keep the lights on. Snowy 2.0 will enhance our existing capability and ensure that we can continue to provide increased stability and security to the energy market well into the future.

Snowy 2.0 information and reports:

Project overview

Final Investment Decision information

Feasibility Study

Independent market modelling

Click here for further information on the project and au/38 for tunnelbuilder archive also visit https://www.snowyhydro.com.au/our-scheme/snowy20/. 14/19.