SSE, Drax, Highview Power, Greenpeace, Green Alliance, ILI Group and Invinity Energy Systems urge government to set the right regulatory framework to support rollout of long-duration energy storage systems
As part of the International Forum on Pumped Storage Hydropower, the National Hydropower Association is announcing today the submission of a pumped storage hydropower (PSH) policy paper aimed at identifying challenges and solutions to jump start development in the United States.
Read the blog by SSE Renewables Director of Development Mike Seaton on how we can use pumped storage hydropower to move to a 100% green electricity system. The blog follows a new report commissioned by SSE Renewables which found that 4.5GW of new long duration pumped hydro storage, with 90GWh of storage could save up to £690m per year in energy system costs by 2050 in the UK.
Former Prime Minister of Australia Malcolm Turnbull is to help spearhead the global adoption of green and sustainable hydropower, after accepting an invitation to join the International Hydropower Association (IHA) as a member of its board and the co-chair of the International Forum on Pumped Storage Hydropower.
The International Renewable Energy Agency (IRENA) and the International Hydropower Association (IHA) collaborate to tackle climate change
Interest in new US pumped storage hydro-electric projects ramped up over the past few weeks, even as the substantial upfront costs - especially compared with new kid on the block battery-based storage - remain an inhibiter.
Premiered on 3 November 2020, the week-long forum brings together the governments of the USA, Austria, Brazil, Estonia, Greece, India, Indonesia, Israel, Morocco, Norway and Switzerland, as well as international financial institutions, non-profit organisations and leading energy companies such as EDF, GE Renewable Energy, Voith and Hydro Tasmania.
In recent years, energy storage installations around the world have been dominated by lithium-ion battery technology. But pumped hydro, for decades the only utility-scale storage asset available and still the leader with 95 percent of storage’s global capacity, isn’t giving up just yet.
Governments and major energy multinationals from eleven countries have launched a high-level initiative to accelerate expansion of pumped hydropower to help add energy storage infrastructure to the global renewable energy build-out.
At the inaugural meeting of the International Forum on Pumped Storage Hydropower, keynote speaker and former Australian Prime Minister Malcolm Turnbull urged governments and industry to move quickly to develop projects at the scale needed to support the rapid roll-out of variable renewables.
IHA and the U.S. Department of Energy will this week launch a global initiative of 11 governments and more than 60 organisations aimed at addressing the urgent need for clean and reliable energy storage.
As the transition to a clean energy future rapidly unfolds, this flexible technology will become even more important for a reliable, affordable and low carbon grid, write IHA analysts Nicholas Troja and Samuel Law.