Pumped Hydro Storage Market is Driven By Increasing Renewable Energy Integration
The pumped hydro storage market involves the storage of hydroelectric energy by pumping water from a lower-elevation reservoir to a higher-elevation basin for later use during peak demand periods. Pumped hydro storage provides a cost-effective means of storing large quantities of renewable energy from wind farms and solar photovoltaic arrays.
The growing Pumped Hydro Storage Market Demand for renewable energy sources is boosting investments in pumped hydro storage projects globally. Pumped hydro storage provides a flexible, dispatchable source of electricity to help match variable renewable energy supply from wind and solar with changing demand.

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