Paul Jacob is president and chief executive officer of Rye Development.
The company is focused on developing new low-impact hydropower and energy storage in the U.S., with two potential pumped storage hydropower sites in the pipeline in Oregon and Washington. It is working to develop 22 conventional hydro projects in six states: Kentucky, Louisiana, Mississippi, Ohio, Pennsylvania and West Virginia.
Just last month, Bureau of Land Management issued a right-of-way grant for the company’s 393.3-MW Swan Lake North Pumped Storage Hydroelectric Project.
In addition, the company’s proposed 4.9-MW hydropower plant at the Kentucky River Authority’s Lock and Dam 11 was selected for a pilot under the Federal Energy Regulatory Commission’s two-year licensing pilot program.
Before joining Rye’s predecessor, Free Flow Power, Jacob was president of marketing and trading with the Edison Mission Energy group, and before that he worked at the Citizens Energy companies.
Jacob spoke during the plenary session at HydroVision International 2019, a utility executive roundtable discussion.
We had an opportunity to conduct a video interview with Jacob while he was attending HydroVision International 2019. Click above to hear about the company’s work in hydropower, how hydro fits into the changing energy environment, exciting new technologies for the market, the need for new financial instruments to enable hydro development, and more.