- Jul 17, 2019 11:54 pm GMT
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Absaroka Energy still needs to sign up utility customers to off-take all the stored electrical energy from Gordon Butte. Securing $1 billion of financing is a big step in the right direction. An equity investment by Denmark's Copenhagen Infrastructure Partners secures financing for the 400-MW pumped,, closed-loop hydro-storage project, which is to be built near Martinsdale, Montana some six miles from the Colstrip twin, 500-kV transmission lines, according to a news report.
Absaroka has already obtained construction and operation permits from FERC. Developers anticipate starting construction next year.
The project was originally proposed way back in 2010 as a means of integrating more renewable energy on to the Pacific Northwest electrical grid. GE Renewable Energy is to supply the turbine and pump equipment.
"The hydro project could help make Montana 'the epicenter of Northwest U.S. energy generation potential,'" Absaroka President Carl Borgquist was quoted from a statement.
"As regional energy capacity becomes more constrained," advanced pumped storage provides twice the operational capacity as its nameplate capacity, is "faster-acting, is able to both ramp up and down, and does not carry the fuel costs and risks of natural gas-fired facilities," Absaroka was quoted.