3 ms·

Further to my comment about: In October 2025, the scheme was reported to be 67% complete but it could not be completed within the A$12 billion forecast cost.

Further to my comment about: In October 2025, the scheme was reported to be 67% complete but it could not be completed within the A$12 billion forecast cost. https://en.wikipedia.org/wiki/Snowy_2.0_Pumped_Storage_Power_Station https://en.wikipedia.org/wiki/Snowy_2.0_Pumped_Storage_Power... 6 years, incomplete, expected to cost well over six times the initial estimate if it ever gets completed. Expect Snow 2.0 to a big impact on electricity prices in Australia. Upwards. We’ll have to most expensive pumped hydro in the world. What an achievement!

rstuart4133 11mo ago
It holds 350MWh and is expected to have a lifetime of 150 years. Lets do a little arithmetic with conservative values rather than those figures. Assume supplies 200MHw per day, and eventually costs $15B and only lasts 50 years: 15e9 [$] / (200e3 [kWh/day] * 365 [day/yr] * 50 [yr]) = 0.004 [$ / kWh] Yep, you right, that added 0.4¢ per kWh for overnight storage is gonna ruin us all for sure. /s