The Snowy 2.0 Scheme is a $10 billion bandaid to make up for Wind and Solar’s unreliability. Hydro storage is an anti-generator that destroys 20-30% of the electricity fed into it. It turns out it also destroys three quarters of the money fed into it, and some of the environment as well. What’s not to like?
Today a Who’s Who of Australian engineering are scathing about Snowy 2.0 in The Australian
The mammoth pumped Hydro scheme is a $10 billion dollar disaster that will never pay for itself, is already being superceded by battery technology, and will scar the land, infect pristine alpine lakes, risk critically endangered species, damage fishing grounds, and breach the Biosecurity Act in a National park. (Where are the environmentalists, Tim Flannery? Does anyone care?)
Pumped Hydro doesn’t even work on a small scale. Projects like it are being junked around the country before they get built and there has been only one other pumped hydro project “committed” in the last 20 years.
On the revenue side, the output of Snowy 2.0 from 2025 to 2042 is now forecast to be less than half the business case estimate, […]