Enhancing Hydro Energy Storage Viability – De-risking Pump Storage Hydro Project Development
This project is supporting the Department of Energy (DOE) to achieve the Philippines clean energy targets under the Clean Energy Scenario. Energy storage systems are imperative to allow for the integration of variable renewable energy and demand side management interventions into the grid. For decades, pump storage hydro power has been deemed as the most technologically mature energy storage systems on grid. However, its development are considered high risk by project developers/ investors as there lacks policy for other market mechanisms suitable to its use. The project will help verify the risks and recomend de-risking mechanisms for pump storage hydro (PSH) project development. The project will provide capacity building and engage stakeholders to ensure successful PSH implementation. By enabling PSH as the energy storage solution, the project will address grid-connection issues associated with VRE, such as curtailment, load shifting, frequency problems, black start, and capacity firming.
Implementing Partners
INTEGRATION Energy GmbH
In partnership with
Department of Energy
Strategic Outcome
- Strategic Outcome 04: Knowledge and Awareness Raising
- Strategic Outcome 02: De-risking Renewable Energy and Energy Efficiency Investments
