Sustainable energy storage enabling a fossil-free future

We offer the most efficient and mature technology for storing energy. This storage method is characterized by a low-cost, high round-efficiency, large scale, and a long life-cycle of 60 years. The market potential is in the energy transition, in which fossil fueled energy is replaced by renewable and weather-dependent energy production. 

Energy storage is needed in order to be able to supply energy when it is consumed, as well as to create a balance in the power grid. Pumped Hydro’s solution to this problem is a more effective, efficient, and flexible pumped hydro technology, installed in the abandoned underground mines. With this solution, the company is transforming the mines into a positive asset for the green transition, while at the same time keeping costs down by using existing infrastructure, such as roads and grid connections. 

Pumped Hydro’s technical design is unique as it allows for almost instant response, which enables the company to effectively operate in the frequency regulation markets in order to ensure the balance of our electric grid. Pumped Hydro, thus, has the advantage of being able to create multiple and parallel revenuer streams through storage, energy sales, and ancillary services. 

The company’s customers include power utilities, large businesses and industry, mining companies, closed-loop systems, and islands in the need for a stable supply of energy.