pumped hydro

Greenko has won NTPC Renewable Energy’s tender for 3 GWh of energy storage capacity. Its pumped storage bid was the lowest in the tech-agnostic tender.

Suomen Energiavarasto Oy has secured €26.3 million ($27.5 million) from the Finnish government to build an underground pumped hydro project at a former zinc and copper mine.

Mining magnate Andrew “Twiggy” Forrest is the founder and executive chair of Australian iron ore producer Fortescue Metals Group. The company has announced an ambitious $6.2 billion decarbonization strategy and its Fortescue Future Industries subsidiary has rapidly become a global player in green hydrogen, along with a host of other energy transition technologies. Whether it is pushing to decarbonize mining, hashing out headline-making green energy deals, or using the popular “Rick and Morty” cartoon to educate people about the potential of green hydrogen, Fortescue and its shining magnate are talking the talk. But can they walk the walk? Blake Matich reports.

A plan to build a 2 GW/20 GWh pumped hydro project at an old gold mine in the Australian state of Queensland has been declared a “coordinated project,” in order to fast-track the plan.

Scientists in Germany have developed a new methodology to identify suitable areas for pumped hydro storage projects close to rivers or shorelines. Their new method considers parameters such as the minimum required flat area for the reservoir, the allowable slope of the terrain, the minimum head, and minimum required head to distance ratio between two reservoirs.

Prime Infra recently acquired a 500 MW pumped storage hydropower project in Rizal province in the Philippines. The company is also developing a 1.4 GW facility in the country.

The government of New South Wales, Australia, has announced funding for five pumped hydro schemes spread across the state, as it looks to deliver large-scale energy storage and firming capacity.

SEV, the utility for the Faroe Islands, has secured funds from Nordic Investment Bank to build a pumped hydro storage facility on the island of Streymoy. The Mýruverkið II project, valued at DKK 1.3 billion ($174 million), is set to go online in the 2027-28 period.

Scientists in Denmark have developed a storage technology that utilizes large underground water balloons and the pressure of the soil to activate a turbine to generate power. They are currently building a first 10 m x 10 m demonstrator to select critical technologies related to the membrane and to the construction of the “movable hill” that will form the terrain part of the battery.

The project is located 10 km from the Baltic Sea, where PGE is planning to build offshore wind farms with a total capacity of 3.5 GW.