Pumped Hydro Storage selects Sweco Energy Markets for revenue analysis

Pumped Hydro Storage Sweden AB, a pioneer in large-scale underground energy storage facilities, has selected Sweco Energy Markets for a revenue analysis related to a large-scale commercial application. Energy storage by pumped hydro is the dominating solution accounting for over 94 % of the total installed global energy storage capacity according to the International Hydropower Association. Pumped Hydro Storage Sweden innovates by applying proven technology in underground mines.

”We are an innovative company, aiming to enable the transition into a fossil-free energy system. However, it has to be commercially sound, thus determining the revenue potential in each project is a logical starting point for us”, says Raine Vasanoja, Commercial Director at Pumped Hydro Storage Sweden AB.

”We have conducted a thorough assessment of several reputable energy market specialists and decided to trust Sweco Energy Markets with this assignment. They show an in-depth competence in this field, act dynamically and fully in line with expectations from us, being a start-up company. This assignment is at the core of our business concept. We simply need a solid partner we can rely on, not only for this case, but for justification of future projects as well”, says Thomas Johansson CEO at Pumped Hydro Storage Sweden AB.

”Pumped Hydro Storage represents new thinking in a traditional industry going through very rapid change. Pumped Hydro Storage is a start-up company, but have been very professional in their assessment process, so it is very encouraging having been selected. Our team is very excited to work with Pumped Hydro Storage on this specific case and look forward to support them further on their journey”, says Frank Krönert, Principal Consultant at Sweco.

Share on facebook
Facebook
Share on email
Email
Share on twitter
Twitter
Share on linkedin
LinkedIn

Fler inlägg

PHS i Nordiska Projekt

Nordiska Projekt plockar upp nyheten om att Pumped Hydro Storage står som partners i International Hydropower Associations nystartade forum för framtidens pumpvattenkraft. Läs notisen i

Pumped Hydro i Miljö & Utveckling

Tidigare i veckan skrev magasinet Miljö & Utveckling om vårt projekt på Åland samt om bidraget vi tilldelats från EU-Life.   Läs artikeln här: https://miljo-utveckling.se/gruva-i-skargard-ska-bli-energilager/

Pumped Hydro i SVD

I samband med nyemissionen publicerades en artikel om pilotprojektet på Åland samt bidraget vi tilldelats av EU:s Life-projekt.   Läs artikeln i Svenska Dagbladet här: https://www.svd.se/vdn-pumpkraft-ligger-helt-ratt-i-tiden

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

Leave a Comment

Your email address will not be published. Required fields are marked *

This website or its third-party tools process personal data (e.g. browsing data or IP addresses) and use cookies or other identifiers, which are necessary for its functioning and required to achieve the purposes illustrated in the cookie policy. You accept the use of cookies or other identifiers by closing or dismissing this notice, by clicking the accept button button or by continuing to browse otherwise.