The prospect of pumped storage hydropower in Asia
Pumped storage hydropower is a proven technology currently accounting for over 90 percent of the world’s utility-scale energy storage applications. With the rapid growth of variable renewables across Asia, long-duration energy storage, such as that provided by pumped storage hydropower, will have an increasingly important role in balancing variable renewables, preventing blackouts, and ensuring power system reliability.
In many of the developing economies in Asia, energy storage markets are still nascent yet there is vast potential for development. This event will bring together policymakers, investors, project developers, and experts to discuss and explore the need for long-duration energy storage, set out the technology options available and what policy and regulatory changes are needed.