I think we will all be dead by the time Snowy 2.0 is implemented. Probably won't survive the change of government at the next federal election anyway.
I get its not a bad solution from a pure capacity point of view. Problem I have with it is you have horrible time to market (ie we need storage now) and you have a centralised model with a single point of failure. I'm not sure the costs make sense compared to a much smaller and responsive set of batteries either given our grid is already at 99.999%+ reliability.
Batteries are good because they can be deployed in months not decades and provide services/storage where they are needed in a proper distributed grid.
Would be nice to see CCE win something, as in theory the time to build/generate revenue should be much shorter than greenfields PV+Storage sites (they will be adjacent to existing connections/power sources I expect).
CCE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
