Denmark pumped water storage project won the bid

Is pumped hydro storage a good investment in Scotland?

Pumped hydro storage, the most established long-duration energy storage technology, can be a good investment in Scotland. However, investing in this technology requires significant capital and has a long build time. SSE Renewables commissioned a report by Imperial Consultants to explore the benefits of new long-duration pumped hydro storage in Scotland.

Could pumped hydro storage save £690 million a year?

Investing in pumped hydro storage could save up to £690 million a year on the pathway to net zero, according to a study by independent researchers. They found that 4.5GW of new long duration pumped hydro storage with 90GWh of storage could achieve this savings by 2050.

Why is pumped hydro storage undergoing a global renaissance?

Pumped hydro storage, a technology that has been around for over 100 years, is undergoing a global renaissance due to the need to integrate and balance increasing volumes of variable renewables. Reaching our net zero targets will require an unprecedented expansion of clean energy solutions this decade.

Could a 4.5GW pumped hydro system save the UK money?

A study by Imperial Consultants, commissioned by SSE Renewables, found that a 4.5GW pumped hydro storage system with 90GWh of storage could save up to £690 million per year in energy system costs by 2050. This would help the UK transition to a net zero carbon emission system.

Is pumped hydro storage the future of energy storage?

The future of energy storage is exciting, and pumped hydro storage is set to play a significant role in shaping it. This technology has the potential to revolutionise the way we store and use renewable energy, creating a cleaner and more sustainable world for future generations.

Is pumped hydro storage key to our future success?

Pumped hydro storage is key to our future success, as evidenced by the UK Government's consultation in January 2024. The Department for Energy Security and Net Zero (DESNZ) is exploring ways to unlock investment in long-duration electricity storage.