Hydro Tasmania

What Hydro Tasmania does

Hydro Tasmania, operating under legal name The Hydro-Electric Corporation, is Australia's largest generator of renewable energy and a state government-owned corporation wholly owned by the Tasmanian Government. The company operates 30 hydropower stations and 54 major dams across Tasmania, supplemented by a 25% share in three wind farms, two hybrid renewable energy systems on Bass Strait islands (King Island and Flinders Island), and a gas power station at Tamar Valley. Its technology platform centers on hydroelectric generation through water turbines, long-duration water storage (6,116 GWh currently in storage at 42.4% of capacity), and hybrid systems combining hydro with wind, with active development of pumped hydro storage at Cethana and the Tarraleah redevelopment. Subsidiary Momentum Energy operates as a retail electricity provider, and Entura provides engineering, environmental, and project management consulting services to the energy and water sectors.

The business model is wholesale electricity generation sold into the National Electricity Market (NEM) through spot market bidding every five minutes and through bilateral contracts with large industrial customers. Generation Dispatch Engineers manage dispatch and coordinate outages to optimize revenue. Key industrial offtakers include the Bell Bay Aluminium smelter (Rio Tinto), which contributes over $700 million annually to the Tasmanian economy, and AI infrastructure operator Firmus Technologies under an agreement scaling from 104 MW to 400 MW. State-owned Aurora Energy is the primary retail offtake for Tasmanian households and businesses. Revenue streams are recurring contract-based (long-term power supply agreements of 10+ years) and usage-based (NEM spot market trading), with no direct residential sales by Hydro Tasmania itself.

The company employs 1,001-5,000 people, operates from headquarters in Hobart, Tasmania, and manages infrastructure including the Gordon-Pedder system, Lemonthyme, Tarraleah, Mersey-Forth, Derwent, West Coast, Yingina/Great Lake, and Bass Strait power stations. Current major capital projects include a $60 million Lemonthyme Power Station upgrade (November 2025 to September 2026), the Cethana pumped hydro development, the Tarraleah redevelopment, and the Gordon Power Station major outage. Hydro Tasmania also pursues enabling third-party solar and wind developments targeting 1,500 GWh of new renewable capacity, positioning itself as the integrator and offtake counterparty for Tasmania's broader renewable buildout.

Name

Hydro Tasmania

Legal name

The Hydro-Electric Corporation

Website

https://hydro.com.au

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hydro Tasmania is Australia's largest renewable energy generator, a state-owned corporation operating 30 hydropower stations and 54 dams across Tasmania. It sells wholesale electricity into the National Electricity Market and through bilateral contracts to major industrial customers, AI infrastructure operators, and the Tasmanian grid.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUAMADAE

Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Hydropower (Run-of-River, Reservoir, Small Hydro)

SECONDARYEUAMADAF

Hydropower Modernization, Refurbishment & Uprates (Re-powering, Efficiency Upgrades)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Hydropower (Run-of-River, Reservoir, Small Hydro)

SECONDARYEUACAEAC

Pumped-Storage Hydroelectric Generation

Energy, Utilities & Environment/Electric Power Generation/Hydroelectric Power Generation (Large & Small Hydro)

Keywords

• Hydroelectric power generation
• Renewable energy utility
• Wholesale electricity supply
• Pumped hydro storage
• Energy infrastructure operations

Headquarters

HQ city

Hobart

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Wholesale Electricity Generation and Trading: Hydro Tasmania generates electricity from its hydropower stations and trades energy in the National Electricity Market every five minutes through bidding. Revenue comes from spot market sales and bilateral contracts with energy retailers and large industrial customers.
2. Industrial Power Supply Agreements: Direct power supply agreements with major industrial customers including the Bell Bay Aluminium smelter (Rio Tinto), providing emergency and long-term power arrangements to ensure operational continuity.
3. Energy Trading Services: Generation Dispatch Engineers manage bidding into the National Electricity Market spot market, adjusting generation levels and coordinating outages to optimize revenue from energy trading.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Hydro Tasmania is Australia's largest renewable energy generator, operating 30 hydropower stations and 54 major dams across Tasmania. It generates and trades wholesale electricity on the National Electricity Market, supplies power directly to large industrial customers under bilateral contracts, and operates hybrid renewable energy systems on the Bass Strait islands plus a gas power station. The business is supported by wholly-owned subsidiaries Momentum Energy (retail) and Entura (engineering and environmental consulting).

Product overview

Hydro Tasmania is Australia's largest generator of renewable energy and operates as a single unified platform of hydroelectric and renewable energy infrastructure. The core offering consists of 30 hydropower stations and 54 major dams across Tasmania, supplemented by a 25% share in 3 wind farms, hybrid power systems on Bass Strait islands, and gas generation capacity. The company also operates through two key subsidiaries: Momentum Energy (retail) and Entura (consulting). Major ongoing projects include the Tarraleah redevelopment, Cethana pumped hydro development, and the Lemonthyme Power Station $60 million upgrade. The product portfolio spans power generation, water management, and professional energy services.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydroelectric Power Generation Wholesale renewable electricity generation from Tasmania's 30 hydropower stations and 54 major dams, the company's primary business and core product offering, supplying power to the National Electricity Market and major industrial customers.
• Gordon Power Station Major power station in the Gordon-Pedder system, one of Tasmania's largest hydroelectric generators, currently undergoing major outage and refurbishment.
• Tarraleah Power Station Historic power station undergoing redevelopment to modernize infrastructure and increase capacity, one of Tasmania's key hydroelectric facilities.
• Wind Farm Operations Hydro Tasmania's 25% share in three wind farms, supplementing hydroelectric generation with wind energy.
• Bass Strait Islands Power Supply Hybrid energy power systems operating on King Island and Flinders Island, providing electricity to remote Bass Strait communities.
• Tamar Valley Power Station Gas power station operated by Hydro Tasmania as part of its diverse energy generation portfolio.
• Cethana Pumped Hydro Project Proposed pumped hydro project in North-West Tasmania, part of Hydro Tasmania's strategy to expand long-duration renewable energy storage capacity.
• Momentum Energy Retail Wholly-owned energy retailer subsidiary selling electricity and gas to residential and business customers across Australia.
• Entura Consulting Services Wholly-owned consulting arm providing engineering, environmental, and project management services for energy and water projects, in Australia and internationally.

Quantifiable outcome

• 30 hydropower stations and 54 major dams providing reliable renewable generation
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, major, minor and strategic.

• Rio Tinto (Bell Bay Aluminium)coreStrategic or Co-development Partner · 1 November 2025Emergency 12-month power agreement between Hydro Tasmania and Rio Tinto's Bell Bay Aluminium smelter to ensure immediate operational continuity. The smelter contributes over $700 million annually to Tasmania's economy and supports over 550 direct jobs plus approximately 300 local businesses. Stakeholders are using the 12-month window to negotiate a comprehensive long-term arrangement targeting 10+ years duration.
• Firmus TechnologiesmajorStrategic or Co-development PartnerAI infrastructure company has secured a cornerstone green energy agreement with state-owned Aurora Energy for 104 megawatts of hydro-electric power from Hydro Tasmania. The deal would scale to 400 megawatts across three AI factory sites in Tasmania. The company, founded in Tasmania but headquartered in Singapore, is conducting an investor roadshow ahead of a major IPO.
• TasNetworkscoreStrategic or Co-development PartnerCo-investment partner in Regional Connectivity Program delivering fiber links to Tasmania's west coast communities. TasNetworks operates electricity transmission and distribution networks in Tasmania. Partnership for telecommunications infrastructure connecting west coast communities to the state's fiber network.
• 42-24minorChannel Partner/ Reseller/ DistributorRegional telecommunications operator co-investing with Hydro Tasmania in the Regional Connectivity Program to deliver fiber links to west coast Tasmanian communities of Zeehan and Tullah.
• New Solar and Wind DevelopersstrategicStrategic or Co-development PartnerHydro Tasmania seeking to develop new solar and wind energy projects with total capacity of 1,500 GWh as part of enabling renewable energy expansion in Tasmania.
• Clean Energy TasmaniaminorStrategic or Co-development PartnerCommissioned economist Saul Eslake to produce a report validating Project Marinus benefits for Tasmania and the nation. Clean Energy Tasmania is an advocacy organization supporting renewable energy development.
• The Smith FamilyminorOthersCommunity partner receiving corporate volunteering support and community grants from Hydro Tasmania.
• Beacon FoundationminorOthersEducation partner working with Hydro Tasmania on industry preparation and job-readiness skills programs for students.
• University of TasmaniacoreStrategic or Co-development PartnerStrategic collaboration agreement signed between Hydro Tasmania and UTAS for education, research, and workforce development partnerships.
• Diversity Council AustraliaminorOthersOrganizational membership supporting diversity and inclusion initiatives.
• Australian Disability NetworkminorOthersParticipating in Access & Inclusion Index for disability inclusion in the workplace.
• Circle InminorOthersPlatform partnership providing resources to support parents and caregivers, available to all Hydro Tasmania employees.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Snowy Hydro: Australian state/federal-owned hydro generator operating the Snowy Mountains Scheme — directly comparable business model (large hydro fleet, government ownership, NEM trading, industrial contracts) and the natural counterpart to Hydro Tasmania as Australia's other major hydro operator.
• Meridian Energy: New Zealand state-owned renewable generator with a large hydro fleet and wind assets, supplying industrial customers and trading on a similar wholesale market — same vertically-integrated generator-retailer model and renewable-mix profile as Hydro Tasmania.
• Contact Energy: NZ-listed hydro, geothermal and wind generator-retailer operating in a similar regulated wholesale market structure to Australia; comparable asset mix (hydro-heavy) and customer-facing retail business provides direct precedent on hydro-utility economics.

Broad incumbents

• AGL Energy: Australia's largest private energy retailer and a major NEM generator across coal, gas and renewables (incl. hydro stakes) — broadest incumbent competitor in the same Australian electricity market Hydro Tasmania trades into.
• Origin Energy: ASX-listed Australian integrated energy generator-retailer operating gas, wind and pumped hydro assets (including Shoalhaven); a significant Australian competitor for industrial power supply agreements and NEM trading revenue.
• BC Hydro: Canadian provincial Crown corporation operating one of the largest integrated hydropower systems in North America — same government-owned, large-hydro-fleet, multi-purpose water-management business model as Hydro Tasmania.
• Brookfield Renewable Partners: Globally listed owner/operator of hydroelectric, wind and solar assets with significant pumped-hydro storage (including Australia via portfolios); comparable long-duration storage strategy and institutional-scale hydro asset management.
• Statkraft: Norwegian state-owned Europe's largest generator of renewable energy, dominated by hydropower; comparable business profile in operating hydro at scale, energy trading across markets, and consulting subsidiary (Statkraft's Skagerak Energi retail presence) paralleling Momentum Energy.
• Verbund AG: Austrian listed hydro-dominant utility with one of Europe's largest pumped-storage portfolios; directly comparable as a hydro-first integrated generator with active pumped-storage expansion as renewable firming becomes critical.

Regional players

• Genesis Energy: NZ state-owned hydro and thermal generator-retailer; geographically adjacent peer with comparable hydro-heavy generation portfolio and state-owned structure, serving as a Trans-Tasman benchmark for utility economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hydro-tasmania
• Xx.com/hydrotasmania
• Facebookfacebook.com/hydrotasmania

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hydro Tasmania