An application for final investment license has been made for Nevada’s first pumped-storage hydroelectric power plant in the United States.
The project, which has a capacity of 1,000 MW and was applied for by rPlus Hydro, is expected to provide uninterrupted energy to the grid for eight hours during the summer months when electricity consumption in the state is high.
According to the company’s statement, the project is expected to meet one-eighth of the peak electricity demand in the state during the summer months.
With a planned investment of $2.5 billion, construction of the power plant is targeted to begin in 2025.
There are currently 23 GW of pumped-storage hydroelectric power plants in the United States, most of which were built between 1960 and 1990.
However, a recent study suggests that there is potential for a similar project with a total capacity of 3.5 terawatts and energy storage capacity of 35 terawatt-hours to be implemented in the country.
While there are currently around 40 pumped-storage hydroelectric power plants in operation in the United States, there are around 130 such plants worldwide.