Latest Storage

Policy & Planning

Snowy profits steady amid pumped hydro strains, while CEO Barnes sees his take-home benefits sink below $2 million

Snowy Hydro reports a modest uptake in profits in the year to June 2026 while the boss takes a benefits haircut for a second year in a row.
Commentary

“Reset 3.0” doesn’t answer the biggest questions about Snowy’s $25 billion-plus pumped hydro gamble

Engineering marvel or financial folly? We’ve been here before – a cost blowout and a delay to Snowy 2.0 – but is there a point of no return for this giant project?
“Very disappointing”: Snowy confirms pumped hydro costs double again to a possible $25bn, hit with more delays

“Very disappointing”: Snowy confirms pumped hydro costs double again to a possible $25bn, hit with more delays

The cost of Snowy 2.0 has doubled again, this time up to a potential $25 billion, with commissioning delayed by another year to the end of 2029.

Battery

Pumped Hydro

Solar Thermal