Future Generation Joint Venture

What Future Generation Joint Venture does

Future Generation Joint Venture (FGJV) is a privately-held construction joint venture comprising three firms — Webuild (Italy), Clough (Australia), and Lane — formed specifically to serve as principal contractor for the Snowy 2.0 pumped-hydroelectric renewable energy project in New South Wales, Australia. The JV's sole disclosed customer is Snowy Hydro Limited, a government-owned corporation and project owner. Revenue is generated through a single construction contract delivering civil works including tunnel excavation, underground power station construction, water intake systems, and associated infrastructure.

FGJV's core technology centers on large-scale hydroelectric infrastructure construction, deploying multiple mega tunnel boring machines (including TBM Monica, a 178-metre machine purpose-built to excavate through the Long Plain Fault Zone), traditional drill-and-blast methods for transition tunnels (removing over 14,700 cubic metres of material at Tantangara), and the construction of an underground power station at Lobs Hole. Supporting infrastructure includes a dedicated Segment Factory at Polo Flat for tunnel segment production and gate shaft works at depths of 62 metres. The project will deliver 2,200 megawatts of dispatchable generating capacity and approximately 350,000 megawatt hours of large-scale storage to the Australian National Electricity Market.

The business model is project-based contracting under an EPC-style arrangement with a single government client. FGJV operates across five NSW site locations — Cooma, Lobs Hole, Marica, Tantangara, and Polo Flat — with a workforce managed through active recruitment, environmental compliance programs, and approved management plans spanning environmental, biodiversity, water, heritage, transport, spoil, bushfire, and noise domains. The JV holds regulatory licences including NSW EPA Environment Protection Licences for Main Works and the Segment Factory. FGJV is bounded to the Snowy 2.0 project and does not publicly disclose revenue, equity splits, or detailed financial metrics.

Name

Future Generation Joint Venture

Legal name

Future Generation Joint Venture

Website

https://futuregenerationjv.com.au

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Future Generation Joint Venture is a privately-held construction joint venture of Webuild, Clough, and Lane, serving as principal contractor for Snowy Hydro Limited's Snowy 2.0 pumped-hydroelectric project in New South Wales, delivering 2,200 MW of dispatchable capacity and 350,000 MWh of storage.

Ownership category

akta.pro rank

Product category

Heavy Civil Infrastructure Construction (Hydroelectric / Renewable Energy)

NAICS

Heavy and Civil Engineering Construction (237), Hydroelectric Power Generation (221111)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF)

akta.pro secondary industries

Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals) (EUAMAFAG), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)

Keywords

• Heavy civil construction
• Hydroelectric infrastructure
• Tunnel boring services
• Pumped hydro storage
• Underground power station construction

Headquarters

HQ city

Cooma

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D

Revenue model

1. Construction Contract Revenue: FGJV generates revenue as the principal contractor for Snowy 2.0, delivering civil construction works including tunnels, underground power stations, water intake systems, and associated infrastructure for Snowy Hydro Limited.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

FGJV acts as the principal contractor delivering civil construction works for the Snowy 2.0 pumped-hydroelectric renewable energy project, including tunnel excavation with tunnel boring machines (TBMs) and drill-and-blast methods, underground power station construction at Lobs Hole, water intake systems at Tantangara, and tunnel segment production at the Polo Flat Segment Factory. The venture is purpose-built by Webuild, Clough and Lane to deliver 2,200 MW of dispatchable generating capacity and approximately 350,000 MWh of storage for the Australian National Electricity Market on behalf of Snowy Hydro Limited.

Product overview

Future Generation Joint Venture is a construction joint venture comprising Webuild, Clough, and Lane, serving as the principal contractor for Snowy 2.0 — a major pumped-hydroelectric renewable energy project in Australia. Rather than a traditional product company, the company delivers infrastructure construction services including tunnel boring, civil engineering, and large-scale energy storage facility construction. The project provides 2,200 megawatts of dispatchable generating capacity and approximately 350,000 megawatt hours of large-scale storage to the National Electricity Market. The key project outputs include tunnel excavation using multiple Tunnel Boring Machines (TBMs), underground power stations, water intake systems, and associated civil infrastructure across multiple sites including Lobs Hole, Marica, Tantangara, Cooma, and Polo Flat.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 2,200 MW additional dispatchable generating capacity for National Electricity Market
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• WebuildcoreStrategic or Co-development PartnerWebuild is one of three partners in the Future Generation Joint Venture, providing international tunnel boring and hydroelectric construction expertise. Webuild is an Italian multinational construction company specializing in large-scale infrastructure projects.
• CloughcoreStrategic or Co-development PartnerClough is one of three partners in the Future Generation Joint Venture, providing Australian construction and engineering expertise for the Snowy 2.0 project.
• LanecoreStrategic or Co-development PartnerLane is one of three partners in the Future Generation Joint Venture, contributing specialized tunnelling and civil construction capabilities to the Snowy 2.0 project.
• Snowy Hydro LimitedcoreStrategic or Co-development PartnerSnowy Hydro Limited is the project owner commissioning Future Generation Joint Venture to deliver Snowy 2.0. FGJV serves as principal contractor for this nation-building renewable energy project.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Bechtel Corporation: US-based global EPC contractor routinely delivering large hydropower, tunneling, and underground infrastructure projects as principal contractor. Closely comparable business model and delivery scope to FGJV on Snowy 2.0.
• Strabag: European heavy civil and tunneling contractor with deep hydropower and underground construction track record. Comparable delivery model and equipment base (TBMs and underground works) to FGJV.
• Acciona Construcción: Spanish infrastructure and renewable energy EPC contractor active in large hydroelectric and tunneling projects. Comparable customer profile (state utilities) and renewable-energy infrastructure scope to FGJV.
• Bouygues Travaux Publics: International civil engineering contractor executing hydroelectric schemes, tunnels, and underground infrastructure. Directly comparable EPC role and technology stack to FGJV.
• VINCI Construction Grands Projets: French mega-infrastructure EPC arm of VINCI that delivers large hydroelectric dams, tunnels, and underground works. Same mega-project EPC profile and target end-customers as FGJV.

Others

• Andritz Hydro: Supplier of electromechanical hydro turbines and generators. Adjacent rather than competing with FGJV, but operates in the same pumped-storage hydropower value chain and on adjacent scopes of the same projects.
• Webuild: Italian-headquartered global infrastructure contractor and one of FGJV's three JV parents. Directly comparable because it executes mega hydroelectric and tunneling EPC projects worldwide, but it is a parent rather than a competitor to FGJV.
• Clough: Australian engineering and construction firm and one of FGJV's three JV parents. Comparable because it delivers large energy and infrastructure projects in Australia, but as a parent it is not a direct competitor to FGJV.
• GE Vernova (Hydro): Supplies large hydro turbines, generators, and grid technology to pumped-storage schemes. Functions as a vendor on Snowy 2.0-style projects rather than as an EPC contractor competing with FGJV.
• Lane Construction: US-based heavy civil contractor and one of FGJV's three JV parents, with tunneling and large infrastructure expertise that directly overlaps with FGJV's Snowy 2.0 scope, but operates as a parent rather than competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/future-generation-joint-venture-fgjv

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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 Future Generation Joint Venture