Pumped hydro energy storage investment opportunities

What is pumped storage hydropower (PSH)?

Pumped Storage Hydropower (PSH) is the largest form of renewable energy storage, with nearly 200 GW installed capacity providing more than 90% of all long duration energy storage across the world with over 400 projects in operation. The guidance note delivers recommendations to reduce risks and enhance certainty in project development and delivery.

Can pumped hydro energy storage drive the energy transition in Australia?

Australia's favourable natural geographical landscape and abundance of retiring mine sites provide a unique opportunity for pumped hydro energy storage (PHES) to play a key role in driving the energy transition in this country.

Will we build a new pumped storage hydropower facility?

We’ve not built a new Pumped Storage Hydropower (PSH) facility in nearly 50 years, but with over 10GW and 200GWh of shovel-ready projects, the Hydropower sector stands ready to deliver.

Are new hydropower and PSH projects a good investment?

With the Bipartisan Infrastructure Law and the Inflation Reduction Act offering many types of financial support for clean energy projects, new hydropower and PSH projects could offer increasingly attractive investment opportunities. On the U.S. electric grid, PSH can store energy for longer than technologies like batteries.

What is a pumped storage hydropower guidance note?

The guidance note delivers recommendations to reduce risks and enhance certainty in project development and delivery. It also equips key decision-makers with the tools to effectively guide the development of pumped storage hydropower projects and unlock crucial finance mechanisms.

Should investors invest in hydropower projects?

Hydropower already serves as a force multiplier for other renewable energy sources, and the value of this reliability and flexibility will continue to increase. Investors who understand this dynamic may wish to take another, closer look at opportunities to support hydropower projects.