Construction at the recently completed 900MW/20,000MWh Nant de Drance pumped storage plant in Switzerland. Image: Alpiq.
Five large-scale pumped hydro energy storage (PHES) projects have received a funding boost worth a total AU$44.84 million (US$30.46 million) from the government of New South Wales, Australia.
State treasurer Matt Kean visited an existing pumped storage facility this morning, where the announcement was made. The money will be disbursed through the NSW government’s Pumped Hydro Recoverable Grants Program, which provides grants to developers for early-stage, pre-investment feasibility studies.
“Thrilled to be at Bendeela Pumping & Power Station in Kangaroo Valley to announce $45 million to accelerate pumped hydro across the state,” Kean tweeted earlier today.
“It will deliver nearly 2 GW of electricity for NSW, helping deliver our citizens…