Pumped Hydro Recoverable Grants
Pumped hydro is recognised as the most established form of long duration energy storage.
However, pumped hydro projects face long lead times with costly development activities taking up to four years to complete, with procurement and construction typically taking another four years. The program will provide recoverable grants to project developers to assist with the cost of early stage, detailed feasibility studies for pumped hydro projects.
The program aims to establish a pipeline of up to three gigawatts of "shovel ready" pumped hydro projects that can make competitive bids for long-term energy services agreements for long duration storage under the Electricity Infrastructure Investment Safeguard.
Applications close on 20 August 2021.
If you have any questions, please contact [email protected].
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