Future Generation Joint Venture
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.
- Company typePrivate
- Founded2019
- HeadquartersCooma, Australia
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
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.
Future Generation Joint Venture firmographics
Firmographics- 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
Future Generation Joint Venture industry classification
Industry- 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
Where Future Generation Joint Venture is headquartered
LocationHeadquarters
- HQ city
- Cooma
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
Future Generation Joint Venture business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D
Revenue model
- 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
Future Generation Joint Venture product offering
Product offeringCore 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
Companies that use Future Generation Joint Venture
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
Future Generation Joint Venture technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Future Generation Joint Venture partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- WebuildcoreWebuild 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.
- CloughcoreClough is one of three partners in the Future Generation Joint Venture, providing Australian construction and engineering expertise for the Snowy 2.0 project.
- LanecoreLane 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 LimitedcoreSnowy 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
Future Generation Joint Venture competitors and assessment
Company assessmentDirect 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
Future Generation Joint Venture social profiles
Digital presenceFuture Generation Joint Venture compliance and trust
Trust signalCompliance9 records
Future Generation Joint Venture financial estimates
Financial estimateRevenue estimate
Valuation estimate
Future Generation Joint Venture leadership team
Management profileNumber of profiles
Profiles8 records
Future Generation Joint Venture funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Future Generation Joint Venture M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Future Generation Joint Venture
What does Future Generation Joint Venture do?
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.
Is Future Generation Joint Venture a public or private company?
Future Generation Joint Venture is a private company. It is classified as corporate owned and is currently operating.
When was Future Generation Joint Venture founded?
Future Generation Joint Venture was founded in 2019. It employs 1,001 to 5,000 people.
Where is Future Generation Joint Venture based?
Future Generation Joint Venture is headquartered in Cooma, Australia, in the Oceania region.
How does Future Generation Joint Venture make money?
One revenue line is on record: construction Contract Revenue.
Who are Future Generation Joint Venture's main competitors?
Direct peers on record are Bechtel Corporation, Strabag, Acciona Construcción, Bouygues Travaux Publics and VINCI Construction Grands Projets. Others are Andritz Hydro, Webuild, Clough, GE Vernova (Hydro) and Lane Construction.
Does Future Generation Joint Venture have an API?
No public API is recorded for Future Generation Joint Venture.
What industry is Future Generation Joint Venture in?
Future Generation Joint Venture's product category is Heavy Civil Infrastructure Construction (Hydroelectric / Renewable Energy). Its primary akta.pro industry code is EUACAEAF, Hydropower EPC & Construction (Civil Works, Electromechanical), with a secondary code of EUAMAFAG, Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals). Its NAICS code is 237 and its SIC code is 1600.