Snowy Hydro Ltd - Company Profile
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Snowy Hydro Ltd (Snowy Hydro), is an integrated energy utility. It has a presence in the energy cycle, including production, supply, trading, and retail of electricity in the National Electricity Market. The company also provides risk management and financial hedge contracts to wholesale customers. The company produces electricity using gas, solar, hydro, and diesel sources. Snowy Hydro captures, stores, diverts water and releases it for the use of irrigators, town water supplies and the environment. The company operates its plants in New South Wales, Victoria and South Australia. Snowy Hydro is headquartered in Cooma, New South Wales, Australia.
Headquarters
Australia
Address
P.O. Box 332, Monaro Highway, Cooma, New South Wales, 2630
Website
www.snowyhydro.com.au
Telephone
61 2 64532888
No of Employees
1,766
Industry
Power
Revenue (2023)
$2.6B
Snowy Hydro Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Retailing |
| Financial Hedge Contracts | |
| Risk Management |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company entered into an agreement with TagEnergy to take 40 percent of the energy and green certificates (LGCs) generated by the 756MW first stage of Golden Plains Wind Farm. |
| 2022 | Contracts/Agreements | In April, the company's subsidiary Red Energy has signed a five-year contract with the University of Sydney to source 100% of its electricity in NSW from renewable sources. |
| 2022 | New Products/Services | In January, the company launched a Snowy 2.0 virtual tour, to provide the public with a ‘window’ into the pumped-hydro megaproject’s key construction sites. |
Competitor Comparison
| Key Parameters | Snowy Hydro Ltd | Origin Energy Ltd | AGL Energy Ltd | APA Group | EnergyAustralia Limited |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Cooma | Barangaroo | Melbourne | Sydney | - |
| State/Province | New South Wales | New South Wales | Victoria | New South Wales | - |
| No. of Employees | 1,766 | 5,630 | 3,881 | 1,750 | - |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Knox | Chairman | Executive Board | 2020 | - |
| Dennis Barnes | Chief Executive Officer; Director; Managing Director | Executive Board | 2023 | - |
| Kim Josling | Chief Financial Officer | Senior Management | 2018 | - |
| Roger Whitby | Chief Operating Officer | Senior Management | 2016 | - |
| Gordon Wymer | Chief Commercial Officer | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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