that got a license five years ago needs a utility to operate the plant and buy its storage capacity before construction starts.“The permitting process is crazy,” Malcolm Woolf, president of thecomplained during a January hearing of the Senate Energy and Natural Resources Committee, saying it involves too many agencies.
Pumped storage dates from the early 1930s. But most systems were built decades later to warehouse excess electricity from nuclear plants and release it when needed. But the study didn't examine whether sites would meet environmental or cultural protection standards or be commercially viable. Its website acknowledged, “Many or even most ... may prove to be unsuitable."
The facility could power nearly 500,000 homes for up to 12 hours, according to Rye Development, spearheading the project. It's seeking FERC licensing and is scheduled to go online in 2028 but still needs a state water quality permit.
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