Pumped hydropower storage subsidy policy 2025

What is pumped storage hydropower (PSH)?

Pumped Storage Hydropower (PSH) is the largest form of renewable energy storage, with nearly 200 GW installed capacity providing more than 90% of all long duration energy storage across the world with over 400 projects in operation. The guidance note delivers recommendations to reduce risks and enhance certainty in project development and delivery.

What is the pumped storage hydropower Forum?

Through convening three industry-led Working Groups, the Forum brings together governments, industry, financial institutions, academia and NGOs to develop guidance and recommendations on how sustainable pumped storage hydropower can best support the energy transition. Find out more about the Forum's latest updates.

What is a pumped storage hydropower guidance note?

The guidance note delivers recommendations to reduce risks and enhance certainty in project development and delivery. It also equips key decision-makers with the tools to effectively guide the development of pumped storage hydropower projects and unlock crucial finance mechanisms.

What is the International Forum on pumped storage hydropower?

Download all the reports today. Launched in November 2020 by the International Hydropower Association (IHA) and chaired by the U.S. Department of Energy, the International Forum on Pumped Storage Hydropower is a government-led multi-stakeholder platform to shape and enhance the role of pumped storage hydropower in future power systems.

How much pumped hydropower will be needed in the next 30 years?

In other words, around 850 GW of new installed capacity is required in the next 30 years. As part of that target, PHS would need to double, reaching 325 GW (Figure 1) (IRENA, 2019b). Source: IHA (2018); IRENA (2019b). Note: PHS = pumped hydropower storage.

How many GW of hydropower will be online by 2025?

62 GW of operating capacity by 2025, 120 GW by 2030, and 305 GW by 2035. From the data collected in the Global Hydropower Tracker, the prospective capacity expected to be online by 2025 (assuming no retirements) is 75 GW, exceeding the 62 GW target.