Scottish Renewables will today call for a new body to examine the potential of hydro power to unlock £1billion of investment and deliver a boost to UK energy security.
Today the trade body will release a position paper on Hydro Electric Pumped Storage at a conference in Perth. The paper calls on the UK and Scottish Governments to establish an inter-governmental panel to look at how this energy storage technology can strengthen the UK’s energy security.
The body said there are already initial plans for investment in new and upgraded pumped storage schemes in Scotland, which create several hundred jobs during construction and operation.
However, Pumped Storage is not currently recognised within the UK Government’s new Electricity Market Reform (EMR) framework.
Joss Blamire, senior policy manager at Scottish Renewables, said: “A new generation of pumped storage has the potential to play a hugely important role in helping deliver a secure energy system for the UK, while also providing a number of other environmental and economic benefits.
“This tried and tested energy storage technology can also help facilitate our transition to a low-carbon future, ensuring that renewable energy can be stored and used as required.”
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