PHS recieves EU funding

We are thrilled to announce EU-life as a funder of Pumped Hydro Storage! Our project is the only project from Scandinavia selected to take part of the European Commission’s initiative for funding of projects that takes environmental- and climate action and will accelerate the energy transition.

With our well-proven, cost-effective and scalable technology for large-scale energy storage we will provide the most sustainable solution for balancing power, enabling a fossil-free generation. By using pumped hydro storage technology in abandoned mines we will prevent the upcoming problems of shortage of rare earth metals and also cause minimal environmental impact.

We are excited to participate in the European Green Restart within a sector with exponential growth in both public and private funds, i.e. the storage sector. The storage industry have some extremely interesting years to come! Follow us on the road towards a sustainable transition.

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