Former Smelter Site Future Home to 1.2-GW Pumped Storage Hydro Project
Key Takeaway
A 1.2 GW pumped storage hydro project has received its FERC operating license, signaling a major step forward for grid-scale dispatchable storage that will impact regional capacity, reliability, and market dynamics for developers and large power consumers.
AI Summary
- •Rye Development and Copenhagen Infrastructure Partners (CIP) secured a FERC operating license for a 1.2 GW pumped storage hydro project in Washington state.
- •This regulatory approval marks a significant advancement for a major dispatchable storage asset, enhancing grid reliability and capacity in the region.
- •The project's substantial scale (1.2 GW) indicates a future impact on energy and capacity markets, offering new opportunities for developers and potential PPA structures for large power consumers.
- •The development of large-scale, long-duration storage like this is critical for integrating intermittent renewable energy sources and bolstering grid stability.
Topics
Article Content
Developers of a new pumped storage hydropower installation in Washington state said the Federal Energy Regulatory Commission (FERC) has issued an operating license for the project. Rye Development, a U.S.-based developer of pumped storage hydropower, and Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Fund CI V, on January 22 said FERC gave the […] The post Former Smelter Site Future Home to 1.2-GW Pumped Storage Hydro Project appeared first on POWER Magazine .