The Snowy 2.0 Feasibility Study confirmed the project is technically and financially feasible.
The feasibility study also showed the key benefits of Snowy 2.0:
• System security and reliability – Snowy 2.0’s on-demand energy generation can respond within minutes to changing market needs
• Lower energy prices – wholesale energy costs will be lower with Snowy 2.0 in the market
• Scale and central location – power from Snowy 2.0 will reach all National Electricity Market (NEM) users, including the major load centres of Sydney and Melbourne
• Supporting renewables – Snowy 2.0 will enable a low emissions future at least cost by underpinning the stability of the NEM as more intermittent renewables enter the market