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Energy in the News
Energy Secretary Backs Pumped-Storage Energy Secretary Steven Chu is calling for increased investment in pumped-storage hydropower to support and expanded U.S. transmission grid that will carry a greater share of intermittent wind and solar power. Participating in a clean energy economy forum Feb. 23, Chu emphasized the need to develop a more sophisticated smart grid to carry renewable energy from remote sites to load centers. He said that would require an increased ability to store electricity, a function currently performed by pumped-storage hydropower. “We should start to invest heavily in pumped hydro storage,” Chu said. The National Hydropower Association hailed the remark and called for investment tax credits or other incentives to encourage development of pumped-storage. (See “Realizing New Pumped-Storage Potential,” page 28.) Another participant in the forum—Senate Majority Leader Harry Reid, D-Nev.—said he would introduce a bill to develop a grid that can deliver remote renewable to load centers.
Source: http://www.hcipub.com
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