Rye Development to receive $81 million to develop the Lewis Ridge Pumped Storage project in Kentucky on former mine land. Rye Development, with headquarters in West Palm Beach, Florida, develops and commercializes run-of-river and pumped storage projects to generate clean, renewable electricity.Sandy Slayton, Vice President at Rye Development, answered some questions about the Lewis Ridge Pumped Storage project.
Yes, the maximum output of the project is 287 MW, or enough energy to power about 67,000 homes. The anticipated annual output of the project is around 670,000 MWh. The project will have the capacity to store electricity for up to eight hours.We’re excited to help demonstrate the potential of former mine lands to be transformed into a clean energy resource.
How many jobs will be created for the installation phase? How many personnel will be required to operate the pumped hydro facility when it is operational? Will the new energy storage project replace any peaker plants or eliminate the need to build a peaker plant?