Now that FERC has granted a preliminary permit for the pumped storage project at Cuffs Run, York Energy Storage will have at least four years to raise an estimated $12. 5 million and complete multiple studies about the project.
What is pumped storage hydropower (PS)?
Pumped Storage Hydropower (PS) 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 more than 400 projects in operation.
How do pumped storage projects work?
At night, water is pumped uphill to the higher reservoir, then sent back down through electricity-generating turbines when energy demand peaks or renewable resources can't generate electricity, helping to ensure grid stability during system-stressing events like record-hot summers. Pumped storage projects, however, can't just be built anywhere.
So the majority of the nearly 100 pumped storage projects currently in the preliminary phase with the Federal Energy Regulatory Commission are throughout the mountainous Western U.S.
What makes pumped storage so unique and valuable in the energy transition?
“What makes pumped storage so unique and valuable in the energy transition is its ability to provide additional power when it's needed most,” said Malcolm Woolf, president and CEO of the National Hydropower Association. Pumped storage requires two water reservoirs, one above the other.
Supporters of the project, however, argue that pumped storage is the cheapest and most reliable way to provide the electricity storage needed for the clean energy transition and will help stimulate a rural community's economy. The project is far from being a done deal, said Matthew Shapiro, the company's CEO.
Closed loop pumped storage projects need water to work, usually by pumping aquifers or by bringing in surface water from a nearby river or lake (pumped storage can be built along a river, called open-loop, but such projects have received less support because they require dams, which have drawn fierce pushback in recent years ).