Pumped hydro storage is set to play a significant role in shaping the future of energy storage. It has the potential to revolutionise the way we store and use renewable energy. With it, we can create a cleaner and more sustainable world for future generations.
As a result, pumped storage hydro is a critical enabling technology for the wider deployment of the renewable energy the UK needs. SSE Renewables is progressing a development pipeline of pumped storage hydro projects in the UK.
In fact, investing in pumped hydro storage could save up to £690 million a year on the pathway to net zero. This figure is from a study by independent researchers. It found that 4.5GW of new long duration pumped hydro storage with 90GWh of storage could save up to £690 million per year in energy system costs by 2050.
It found that 4.5GW of new long duration pumped hydro storage with 90GWh of storage could save up to £690 million per year in energy system costs by 2050. This would help the UK transition to a net zero carbon emission system. SSE Renewables commissioned the report by Imperial Consultants.
SSE Renewables commissioned the report by Imperial Consultants. It focused on the benefits of new long-duration pumped hydro storage in Scotland. Pumped hydro storage is the most established long-duration energy storage technology. Investing in this technology requires significant capital with a long build time.
The company claimed that the project would “reduce the carbon footprint of the energy grid by 10% and save £2bn in electricity grid running costs.” GEE director Roderick MacLeod said: “Scotland is a leader in wind power, but the wind doesn’t always blow when we need the energy most. “That’s when pumped storage hydro comes in.