The New South Wales government has announced funding for five pumped hydro schemes spread across the state as it looks to deliver large-scale energy storage and firming capacity to allow for an increased uptake of renewable energy and to help plug the gap left by exiting coal-fired generation. September 5, 2022 David CarrollThe New South Wales (NSW) government has announced a $44.8 million funding package for five pumped hydro projects with a combined capacity of almost 1.75 GW and 60 hours of storage as it looks to accelerate the development of long-duration storage to help manage the forecast closure of coal-fired power plants in the coming years.The state government said funding agreements are already in place with developers of hydro projects in the New England, Hunter Valley, Central Tablelands, Southern Highlands and South Coast regions with the monies to help cover private…
$44 million boost to accelerate pumped hydro energy storage – pv magazine Australia
