This restructuring seeks to update key aspects of the Improving Power System Resilience for European Power Grid Integration Project (P176114) following the activation of the Contingent Emergency Response Component (CERC) on May 9, 2023, specifically: (i) introduce changes to the Project Development Objective (PDO), (ii) revise cost of components...
Enabling new pumped storage hydropower: A guidance note for key decision makers to de-risk pumped storage investments 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.
This 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 guide the development of pumped storage hydropower projects and unlock crucial finance mechanisms.
Embracing the opportunities pumped storage offers to the global storage challenge opens the door to further opportunities for conventional hydropower. Secondly, we need to do more to highlight that, far from being an existential threat, increased drought (and indeed flooding) can be managed through well designed hydropower.
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.
The EU hosts more than a quarter of the global pumped-hydropower-storage capacity (in terms of turbine's installed capacity) and hydropower is a key technology to support the integration of volatile renewable energy sources, providing energy storage, grid stability and flexibility.
IHA Chair, Anton-Louis Olivier signs off the year with a list of some of the 2024 highlights for the sustainable hydropower community. Sustainable hydropower is not being built fast enough, but 2024 might be the year it started to turn around.
This restructuring seeks to update key aspects of the Improving Power System Resilience for European Power Grid Integration Project (P176114) following the activation of the Contingent Emergency Response Component (CERC) on May 9, 2023, specifically: (i) introduce changes to the Project Development Objective (PDO), (ii) revise cost of components...
British Hydropower Association seeks clarity and clear timelines for new government scheme to encourage renewable energy storage. Detailed roadmap on ''cap and floor'' mechanism urgently required to boost investor confidence in Long Duration Energy Storage (LDES) and vital Pumped Storage Hydropower projects, says BHA The British ...
Pumped storage hydropower is the largest form of renewable energy storage with nearly 200GW installed across more than 400 projects around the world. It provides more than 90% of the long-duration energy storage around the world.
At this year''s COP29, the International Hydropower Association (IHA) launched the Global Alliance for Pumped Storage, an initiative it called "a crucial step forward for global energy security". The alliance is backed by more than 30 governments and international agencies.
"The agreement with Norfund will further strengthen our industrial role and utilize the full hydropower competence within the Statkraft Group even better." HydroWorld first reported the proposed restructuring this past June. The companies described the plan in a stock exchange notice published in December. For more news from Europe ...
A range of energy storage system (ESS) options exist; however, no single technology is suitable for all applications. These options vary in performance characteristics, level of technological maturity, and cost making them suitable for different applications. Deep decarbonization of the power sector can be expected to call for the deployment of a number of …
Last week, the government announced its commitment to introducing a ''cap and floor'' mechanism for Long Duration Energy Storage (LDES) technologies. The new scheme which will create vital investment in renewable energy storage, including pumped storage hydropower (PSH) schemes.
Alto Lindoso, Portugal. European energy leaders convened in Switzerland to launch the report of XFLEX HYDRO, a four-year, €18 million research and innovation project. …
This film was premiered at the 2021 World Hydropower Congress and produced by IHA and ITN Productions in collaboration with GE Renewable Energy. Featuring insights from Pascal Radue, CEO of GE Renewable Energy Hydro Solutions, the film explores how investment in pumped storage hydropower is integral to the clean energy transition.
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. This guidance note delivers recommendations to reduce risks and enhance certainty in project development and ...
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 …
Fortum plans to rehabilitate 42 MW Untra hydropower plant. Elizabeth Ingram 9.29.2023. Share. Fortum announced it will invest over SEK700 million (US$64.2 million) from 2023 to 2030 to modernize Untra, one of Sweden''s oldest hydropower plants. The investment is part of Fortum''s strategic priorities to deliver reliable clean energy and drive decarbonization in …
This restructuring seeks to update key aspects of the Improving Power System Resilience for European Power Grid Integration Project (P176114) following the activation of the Contingent …
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.
The report confirms that the EU is a leader in hydropower R&D, scientific research, exports, technological innovations and sustainable solutions. The EU hosts more than a quarter of the global pumped-hydropower-storage capacity (in terms of turbine''s installed capacity) and hydropower is a key technology to support the integration of volatile ...
To complement this storage target, the Long Duration Energy Storage Council envisages a need for LDES capacity – including power and thermal storage – of more than 1 TW by 2030 and up to 8 TW by 2040 to achieve net zero." The shift of energy generation to wind and solar is the fastest transition in history. In 2023 80% of additional net ...
The report confirms that the EU is a leader in hydropower R&D, scientific research, exports, technological innovations and sustainable solutions. The EU hosts more …
The Global Alliance for Pumped Storage (GAPS) will advance the deployment of pumped storage hydropower (PSH), the essential element to supporting renewable energy and ensuring energy security in an era of rapid transition to wind and solar power.
Alto Lindoso, Portugal. European energy leaders convened in Switzerland to launch the report of XFLEX HYDRO, a four-year, €18 million research and innovation project. This initiative demonstrated the potential of modest technological upgrades and advanced software to modernise and significantly extend the flexibility of hydropower plants across Europe.
Last week, the government announced its commitment to introducing a ''cap and floor'' mechanism for Long Duration Energy Storage (LDES) technologies. The new …
British Hydropower Association seeks clarity and clear timelines for new government scheme to encourage renewable energy storage. Detailed roadmap on ''cap and …
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 …
Pumped storage hydropower, also known as ''the world''s water battery'' is a flexible, clean, dispatchable source of electricity. It is needed to facilitate increasing quantities of variable renewables, which require a back-up to ensure the stability of power systems. IRENA has stated that global pumped storage hydropower capacity will need to double from nearly 160 …
On Monday and Wednesday, the central government published two other national-level plans on energy. The former serves as what has been described as "top-level" guidance for energy storage for the next five years. The latter lays out a roadmap for the hydrogen industry from 2021 to 2035.. Elsewhere, Timothy Goodson – an energy analyst at the …
The Global Alliance for Pumped Storage (GAPS) will advance the deployment of pumped storage hydropower (PSH), the essential element to supporting renewable energy …
Energy and Storage Power, 2022 Introduction Ministry of Power vide letter dated 05th April 2018 had introduced a detailed mechanism for allowing Flexibility in Generation and Scheduling of Thermal Power Stations. The objective was to promote bundling of cheaper Renewable Energy (RE) with costlier Thermal Power, promote energy transition, and enable the beneficiary …
At this year''s COP29, the International Hydropower Association (IHA) launched the Global Alliance for Pumped Storage, an initiative it called "a crucial step forward for global energy security". The alliance is backed by more than 30 governments and international …
Pumped storage hydropower is the largest form of renewable energy storage with nearly 200GW installed across more than 400 projects around the world. It provides more than …
This latest contract emphasizes BHEL''s long-standing partnership with NHPC, which spans more than four decades, beginning with the commissioning of the first project, Bairasul (3x60MW), in 1981. In addition to this achievement, BHEL is actively working on other ongoing projects, including the 850MW Ratle Hydropower Project in Jammu and Kashmir, …
This month we''re joined by the International Hydropower Association (IHA) to discuss the "grandfather" of renewable energy. IHA senior energy policy manager Rebecca Ellis chats to NCE news editor Rob Hakimian about the history and importance of pumped storage hydro, covering how it works, its ability to "store" energy and why this is so crucial as the world …
Stay updated with the latest news and trends in solar energy and storage. Explore our insightful articles to learn more about how solar technology is transforming the world.