Canadian company Turning Point Generation has announced its plan to develop an 80 MW to 150 MW pumped-storage hydropower project in Alberta.
The unnamed plant is TPG’s first pumped-storage project, though one necessary, the company said, for the province’s energy security.
TPG has identified several of what it calls “favorable” sites and will now move head in the project’s development.
“This project is our most advanced, has exceptional inherent site characteristics and enjoys favorable reception from key stakeholders, including the First Nations involved,” TPG official Peter Bubik said. “We believe the Alberta power market provides an economical basis for pumped-storage at this time and the market indications are showing increasingly favorable economics for pumped-storage in the future.”
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