How long does it take for a pumped storage application to be approved

How long does it take to get a pumped-storage license?

The uncertainty of the FERC licensing process is a major consideration in the development of a pumped-storage project in the United States. Obtaining a FERC license, for any new project, typically takes a minimum of 5 years and could take much longer depending on environmental issues and regulatory authorities involved.

Is it a good time to build a pumped-storage facility?

The current decarbonization plan for the electric grid in the United States is predicted to greatly increase the need for additional pumped-storage projects. With the Biden Administration making a clear push to bring more renewable energy on-line, this could be a favorable time to develop a pumped-storage facility.

What makes a successful pumped-storage project?

Proper site selection is the most critical component of developing a successful pumped-storage project. A “closed-loop” project that cycles water back and forth between two man-made reservoirs has a much better chance of approval than a project that uses a natural waterbody (i.e., river or lake) for one or both of the reservoirs.

Why is pumped storage important?

Pumped storage provides the opportunity to meet variable load demands; modern pumped storage provides peak and variable load regulation in both pumping and generating modes. The current decarbonization plan for the electric grid in the United States is predicted to greatly increase the need for additional pumped-storage projects.

Why is a feasibility study important for a pumped-storage project?

The feasibility study would provide investor-grade information and details needed to support FERC licensing and other permitting needs. The uncertainty of the FERC licensing process is a major consideration in the development of a pumped-storage project in the United States.

Can pumped-hydro storage save the environment?

As David Havard points out, projects around the world have shown that spoil can be managed and environmental footprint minimised. “And because pumped-hydro storage allows the grid to absorb more renewables, it helps keep ‘green energy’ truly green.” This is part of an Introduction to Pumped Hydro series sponsored by GE.