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Upper Hunter: Wind Powered Pumped Hydro
Summary of the article:
WaterNSW awarded a development agreement to Upper Hunter Hydro (UHH): To investigate two large pumped hydro projects capable of storing over 1000 MW for 8-12 hours (equivalent to 1 million household batteries). UHH will access areas at Glenbawn and Glennies Creek dams for investigation and planning. Project benefits: Potential for integrated wind energy. Creation of 1400 construction jobs and 80 ongoing operational positions. Contribution to the transition to a renewable energy grid. Potential for downward pressure on water costs for customers. Project goals: Aligns with the NSW Government's objectives and the NSW Pumped Hydro Roadmap. Provides long-duration energy storage for renewable energy sources. Adds to Australia's large energy storage solutions. Offers environmental sustainability benefits. https://insidewater.com.au/pumped-hy...-upper-hunter/
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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