CIP senior partner Christian Skakkebæk said: "At CIP, we focus on teaming with leading developers and making investments in energy infrastructure assets with a high degree of stability in cash flows.
"Pumped storage hydro is a unique and valuable asset class that will be a key resource as the global transition to renewable energy continues to accelerate in states such as Oregon, Washington and Montana."
Rye Development vice-president Erik Steimle said: "CIP recognises the long-term importance of new storage infrastructure projects to help harness and store wind and solar energy for meeting peak demand as both Washington and Oregon move toward a 100% clean electricity grid, cost-effectively and reliably."
Sounds like a great project. Water coming out of the Columbia?Another good Labor project would be battery farms ( with new advanced storage battery capacity technology) that hold excess hydro power and feeds back into the grid when needed.
This is huge…I feel we are on the cusp of making serious inroads to wean ourselves off of fossil fuel…there is a rumor that Gates is backing a revolutionary breakthrough in energy production that is 100% fossil fuel free.
Wean off of fossil fuels… how do you think the mines work off of diesel with the huge trucks and other equipment? No mines no batteries. Look at Tesla into what they are using for batteries.
Seems like an interesting idea, but why is this better than the existing dams, which already can store energy by stopping the flow of the dam, thereby storing the power for when the wind isn’t blowing, and the sun isn’t shining?
This is a closed loop system that utilizes excess electricity, from wind and solar, to be used to store potential energy of water and gravity to generate electricity during times of need. Water over hydro dams and through turbines utilize the one time potential – the proverbial water over the dam – unlike the recurring energy from pumped storage.
Let''s call the "pricing crisis" by its correct name…"ENRON". Because most of this electricity goes to California; CAP AND TRADE will have the same effect as ENRON. Also…. what if the railroads were electrified like they once were 40 years ago…
So it''s a net energy loss of 20%Where will all the workers live and where will they go one the project is complete?Who will pay for all the resources and infrastructure needed for workers, roads, schools, medical units and electric conveyance systems?
No apprentice will get the required hours for each part of their apprenticeship on one job. The ones that start on that project won’t be the ones that end in that project if they want to become journeyman. Unless they lie about the experience they are getting
Training programs are generally 4 years. I know because I help train them. This will be the opportunity of a lifetime for every able bodied young man & the toughest girls in this town. There aren''t many good jobs here, and this is their chance to learn the skills to get the hell out into the world and make a good life for themselves. Not to mention they will probably get more overtime then they want in the meantime.
That’s an interesting idea and I wondered about it myself. From what I understand, for engineering reasons, locating the upper storage reservoir atop the hill would be hugely more efficient. The larger the drop, the greater the power potential, and in this case the drop of 2,400 feet from the top (compared to about 90 feet at the John Day Dam itself) allows for really impressive electricity generation. -Don M.
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