NewEnergyNews More: What Pumped Hydro Storage Can Do For W. VA

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  • Monday, October 2, 2017

    What Pumped Hydro Storage Can Do For W. VA

    Hydro station would power SW Va. economy, tax base, study says

    Stephen Igo, September 30, 2017 (Kingsport Times-News)

    "Dominion Energy Virginia’s proposed pumped hydroelectric storage power station in Southwest Virginia would fuel approximately $576 million in economic benefits with more than half the impact in the state’s coalfield region…[a new study] estimates the project would support nearly 3,000 jobs during development and construction, including more than 2,000 in the coalfield region. Once in operation, the facility is projected to produce about $12 million annually in tax revenue for Southwest Virginia governments. The seven coal producing counties have agreed to share tax proceeds, regardless of where the facility is located…A pumped hydropower station uses an upper reservoir to store water. During times of peak energy demand, water is released into a lower reservoir and produces electricity via turbines. During low demand times, the water is pumped back to the upper reservoir…Once in operation, the study predicts, the power station would generate about $37 million annually in total economic impact for Southwest Virginia. Chmura projected a completion date for the facility of 2028…” click here for more

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