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Pumped storage advocates see bright future due to new tax credits, reliability needs

October 26, 2022

Current View

Stantec’s Michael Manwaring discusses the new-found growth opportunities of pumped storage hydropower with Energy Daily

New finance opportunities, such as in the Inflation Reduction Act, can lead to many growth opportunities for Pumped Storage Hydropower (PSH). Stantec’s Michael Manwaring delves into its many challenges and benefits in Energy Daily, noting that that while other storage options may have a shorter time for development, PSH has a longer time horizon. He also addresses barriers like state policies around renewables excluding PSH, licensing and permitting, finding investors, and more. 

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