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Important webinar tomorrow to launch a new industry guide on de-risking pumped storage hydropower investments. #pumpedstorage #hydropower #withhydropower

Future Opportunities in #HydropowerDevelopment : As the world shifts towards #cleaner #energy solutions, the spotlight often falls on technologies like solar power. However, amidst this transition, there remains an overlooked potential in #hydropower investments, acc. to a recent report which highlights significant untapped potential, especially in smaller hydropower projects producing up to 30MW of power. " #Hydropower Investment Landscape " report conducted by National Renewable Energy Laboratory NREL outlines several key findings for #hydropowerdevelopment.: - Medium-Sized projects offer significant opportunities: The pipeline for medium-sized #hydropower projects, with a capacity exceeding 1GW, includes a variety of development options such as capacity additions, non-powered #dam retrofits, and #hybrid projects combining multiple #renewable technologies. -Innovative technologies present opportunities: Modular #conduithydropower, non-powered dam resources, #hybridplant configurations, and closed-loop #PSH systems represent avenues for future investment and development. #Hydropower #Dam #HEPP #HybridPlant #PumpedStorageHydropower #HydroelectricEnergy #HydropowerInvestmentOpportunities #WaterPower International Water Power & Dam Construction https://lnkd.in/eK5zVEKQ

The second edition of the Brussels Hydropower Day, organized by ETIP HYDROPOWER, convened experts, policymakers, and stakeholders to delve into the crucial role of hydropower in spearheading the transition to clean energy. Held on 16th April 2024, this significant event, operating under the theme "The important role of hydropower as a catalyst in the clean and safe energy transition under uncertainties," took place within the ambit of the Sustainable Energy Days of the European Commission. Keynote speakers set the tone for the day-long discussions, highlighting the pivotal role of hydropower in Europe's sustainable future. Kristian Ruby, Secretary General at EURELECTRIC, stressed the necessity for clean electricity, with projections indicating over half of energy consumption must derive from clean sources by 2040 and 2050. He underscored hydropower's unique potential in stabilizing the power system and advocated for a stable regulatory framework to unleash its full potential while mitigating environmental impact. Mathilde Lallemand Dupuy, Policy Officer from the Directorate General for Energy of the European Commission (DG ENER), emphasized hydropower's critical role in providing flexibility solutions for the future energy system. Despite regulatory and financial barriers, she highlighted initiatives aimed at maximizing hydropower's potential. In subsequent thematic sessions, experts explored topics such as the value of flexible hydropower, multipurpose hydro projects, and the hybridization of hydropower with other renewables. Presentations showcased innovative projects and initiatives aimed at balancing energy supply and demand, addressing environmental concerns, and meeting future energy goals. Panel discussions further deepened understanding and highlighted the interconnectedness of long-term planning, flexibility needs, and environmental considerations. Read more: https://lnkd.in/euxBmWiv #hydropower #hydroelectric #cleanenergytransition

🌊#Hydropower remains the largest renewable source of electricity, shows GRA member International Hydropower Association (IHA) in a new report. Sustainable hydropower plays a crucial role in meeting the global #3xRenewables target by 2030. Acting as the backbone for a stable and steady supply of clean energy for many countries and regions around the world, hydropower complements wind and solar power in a clean, secure, and just energy system. IHA’s new #WorldHydropowerOutlook provides crucial information on the state of this valuable energy source around the globe, highlighting that: 🔵 Hydropower is the largest single source of renewable energy and pumped storage hydropower provides more than 90% of all stored energy in the world. 🔵 More hydropower will be required to provide balance and flexibility when the wind doesn’t blow and the sun doesn’t shine. 🔵 Hydropower development must be carried out in a sustainable and environmentally responsible manner. This includes addressing concerns about the potential environmental and social impacts of hydropower projects, as well as navigating public perception. 🔵 In a world facing increasing climate and geopolitical challenges, policymakers and the industry need to act now. The world needs more hydropower projects, done better and delivered faster. 🔵 To double hydropower capacity by 2050, a cumulative investment of approximately US$3.7tn is required, or about US$130bn annually. This equates to more than double the current level of funding. The global hydropower fleet grew to 1,412 GW in 2023, but the five-year rolling average shows a downward trend. That’s why it’s #Time4Action for governments to work on #grids, #permits, #SupplyChains, and #finance to make it possible for the industry to ramp up the output of this vital resource. Explore the report: https://lnkd.in/esPGEMDK Learn more about #Time4Action: https://lnkd.in/dbvUU6BC #WithHydropower Eddie Rich | Global Wind Energy Council (GWEC) Ben Backwell | Global Solar Council (GSC) Sonia Dunlop| | Long Duration Energy Storage Council (LDES Council) Julia Souder | Green Hydrogen Organisation - GH2 Jonas Moberg | International Geothermal Association Marit Brommer | Gemma Regniez MSc, FRSA | Victoria Cardenas

While I'm having a great time here at SXSW in Austin this week talking about marine energy, my colleagues Tessa Greco Corey Vezina Herbie Johnson and others are over at the National Hydropower Association supported Water Power Week in DC talking about investment opportunities in hydropower! "As the world continues to transition away from fossil fuels, low-carbon sources of firm power will be increasingly critical to maintain the electric grid's reliability. Hydropower already serves as a force multiplier for other renewable energy sources, and the value of this reliability and flexibility will continue to increase. Investors who understand this dynamic may wish to take another, closer look at opportunities to support hydropower projects." https://lnkd.in/eudWKCBJ

🚩🌊 Stay informed on the latest developments in hydropower. Here is a selection of news stories and event highlights, featuring the most relevant trends and challenges in the sector.   The World Bank $1 billion investment accelerates the Dasu Hydropower project, saving $1.8 billion a year and paving the way for Pakistan to transition to sustainable energy. https://lnkd.in/eni5BB6y VERBUND Green Power Iberia and Capital Energy are collaborating to build pumped storage facilities in Spain. waterpowermagazine.com   Hydropower is the only renewable energy source that effectively supplements intermittent solar and wind power. https://lnkd.in/eV7QnjJs   The 400kW new hydroelectric facility at St. Albans Reservoir supports Victoria's sustainable energy initiatives. As the sixteenth hydro facility owned by Melbourne Water, it uses natural flow to generate electricity, supporting efforts to reduce costs and achieve decarbonisation. https://lnkd.in/erbqE72e   The hydropower market is steadily growing due to the rising demand for renewables, driven by climate concerns and government initiatives, with key players investing in innovation. https://lnkd.in/e5fFWWZr   ➡Tune in every week for more updates on the hydropower community. 📰Sign up to our newsletter: https://lnkd.in/eiYAfykh   #CleanPower #SustainableFuture #LatestUpdates #WithHydropower  

World Hydropower Congress (WHC) 2023 (Day 2): “Hydropower In An Interconnected World” Future energy systems will pool energy resources across countries, optimising hydropower alongside other renewables. #WHC 2023’s plenary session, “Hydropower In An Interconnected World” brought together industry experts from around the world in a session that deep-dived into the benefits of regional interconnection and hydropower potential for regional markets. Sarawak Energy Senior Vice President for Business Development, Nick Wright took the stage as a panellist in the session that was moderated by Executive Director for ASEAN Centre for Energy (ACE), Dr Nuki Utama. The need to balance the interests of different stakeholders and industries was highlighted as a key challenge for the sustainable development of hydropower projects. Nick's plenary session shed light on the critical role of firm renewable hydropower in the current energy landscape. He emphasised the need for interconnections as a strategic approach to efficiently harness hydropower resources, while acknowledging the challenges posed by competition and risks. The importance of human connection, trust, and relationship-building in the hydropower sector was underscored as an essential aspect of successful project development and longevity; with Nick concluding, "There can be no interconnection without human connection." Other panellists were Dr Kamia Handayani, EVP Energy Transition & Sustainability, PLN; Wu Wenhao, Executive Vice President, PowerChina International Group Ltd and Zhao Bin, General Manager, Nanjing Nari Water Resources and Hydropower Technology with Dr Nuki, Zhou Yuanbing, Director General, Economic and Technology Research Institute, GEIDCO and Yu Xianhua, Deputy Chief Economist, State Grid Xinyuan delivering keynote speeches. Organised by the @International Hydropower Association, WHC 2023 is being held from 31 October - 2 November in Bali, Indonesia. #PowertoGrow #GreentheGrid #ElectrifytheFleet #NetZero

Important accounts to follow regarding hydroelectric energy: 1. International Hydropower Association (IHA): IHA is a global organization that promotes sustainable hydropower development. They share news, research, and industry events. 2. Aqua~Media International Ltd (The International Journal on Hydropower & Dams): This account focuses on technical information, projects, and innovations in the field of hydropower and dams. 3. ETIP HYDROPOWER: An initiative driving research and innovation in hydropower. They share updates on projects and collaborations. 4. Hydropower Sustainability Alliance: Focuses on sustainability standards for hydropower projects and impact assessment. 5. International Energy Agency (IEA): IEA provides insights into global energy trends, including hydropower. 6. International Renewable Energy Agency (IRENA): IRENA is an intergovernmental organisation that supports countries in their transition to a sustainable energy future, and serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy Did you miss any important accounts on the list? Comment on the post. #RenewableEnergy #CleanEnergy #Hydropower #SustainablePower #WaterEnergy #GreenEnergy #Hydroelectricity #HydroEnergy #WaterPower #RenewableFuture #ClimateAction #EnergyEfficiency #Hydroelectric #PoweringTheFuture #CleanPower #HydroTechnology #Sustainability #EcoFriendlyEnergy #HydroInnovation #ZeroEmissions

There is growing potential for pumped storage #hydropower facilities to support the energy transition in Canada. Learn more about facilitating large-scale energy storage projects in our new report “Technical and Economic Potential Assessment of Pumped Storage Hydropower in Canada.” #StantecEnergy #energytransition

A new guide has been launched to boost investment in Pumped Storage. The guide offers recommendations to help key decision makers navigate through the development and financing of these kinds of projects. Developed by Bechtel Corporation & International Hydropower Association (IHA), it is evident PSH plays a crucial role in supporting the global shift towards renewable energy. Click the link below for the article 👇🏼 #PumpedStorage #PSH #Investment