Overseas agent undertakes pumped storage project

Will pumped storage hydropower meet Irena's 420 gigawatt target by 2050?

A massive planned buildout of pumped storage hydropower (PSH) in Eastern Asia, driven by China, would allow this region to single-handedly meet the International Renewable Energy Agency’s (IRENA) 1.5°C Scenario target of 420 gigawatts of pumped storage worldwide by 2050, according to new data from Global Energy Monitor.

What are the UK's first pumped storage hydropower schemes?

Another first was recently announced by Gilkes Energy in the UK, who released details of its planned 900MW Earba Storage Project in Scotland, the company’s first pumped storage hydropower scheme. Earba Storage Project will store up to 33,000 MWh of energy, making it the largest such scheme in the UK in terms of energy stored.

How big is China's pumped-storage capacity?

China’s pumped-storage capacity is set to increase even more, with 89 GW of capacity currently under construction. Developers are seeking governmental approvals, land rights, or financing for an additional 276 GW of pumped-storage projects, according to the data from Global Energy Monitor. Pumped storage is a type of energy storage.

When will Estonia's first pumped storage project start?

Construction work is set to start in the summer of 2024 on the first pumped storage project in Estonia, with developer Energiasalv announcing it has received an official permit to build the 550MW plant. Named Zero Terrain, the underground project is set to be constructed in Paldiski with minor environmental and land-use impacts.

Why is China building pumped-storage hydropower facilities?

China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country.

What is the Seminoe pumped storage project?

The Seminoe Pumped Storage project, which is expected to provide 10 hours of full-output energy storage capacity, represents a substantial benefit and investment in Wyoming’s energy infrastructure.