"Many pumped hydro systems have been proposed. Recently, it has been suggested that detailed costing of these proposed systems is higher than expected.
"In this article we argue that alternative sites could offer substantially lower capital costs. This highlights the importance of choosing the best sites to minimise the cost of storage.
"Pumped hydro comprises about 95% of global storage power capacity and 99% of global storage energy capacity. Batteries occupy most of the balance of the electricity storage market including utility, home and electric vehicle batteries.
The lead times are likely to be five years plus due to studies, engineering and permits. I have no problem with IFN investing or co-investing in PH, provided it is commercially viable. IFN is not obliged to spend big licks of capital to mollify civic interests with 'range-anxiety'. Please be careful.
Ash
IFN Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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