June 11, 2024
Pumped Hydro Storage Market to Grow with Demand for Large-Scale Energy Storage
Pumped hydro storage involves using surplus electricity to pump water between reservoirs at different elevations or artificial lakes. The stored water is released through turbines to generate electricity during peak demand periods. Pumped hydro storage has the advantage of providing large-scale, long-duration energy storage and helps accommodate increasing amounts of intermittent renewable energy resources like…
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