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Clean Energy Development, LLC
Pumped storage hydro (PSH) has provided the U.S. with greater capacity for energy storage and grid reliability since the 1920s, although not to its full potential. The capabilities of PSH could be realized as a result of freshly passed energy legislation in the Senate. If S.2012 is signed into law, it would direct the Federal Energy Regulatory Commission to “identify and determine the market, procurement, and cost recovery mechanisms that would encourage development of PSH; and properly compensate those assets for the full range of services provided to the power grid.” The Department of Energy (DOE) agrees, and recently recognized… [more]View Insight