Rye has started development of the Lewis Ridge Closed Loop Pumped Hydropower Storage project in Ball County, KY.
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The project will invest nearly $1 billion dollars into the county and bring close to 2,000 family wage construction jobs over a 3 to 5-year period, as well as several dozen direct and indirect family-wage jobs during project operations. When fully FERC permitted, the project would receive a 50-year license to operate.
“Rye is proud to bring these types of developments to coal communities in the US — delivering on the promise of jobs in the energy transition,” said Paul Jacob, CEO of Rye. “The Lewis Ridge project marks a significant step forward in the push toward a more renewable energy grid.”The loss of coal generation also means the country will need thousands of megawatts of new generating resources and electricity storage to integrate the intermittent…