Strengthening policy and market frameworks to secure investment

Most policy and market frameworks do not adequately incentivise investment in pumped storage development or modernisation efforts. Given the long lead times involved, investment decisions are needed now to ensure solutions are available in advance of market needs.  

This session will look at how some countries are tackling the issue head-on, providing case studies of governments creating stable, consistent and investment-friendly frameworks to best incentivise the development of projects through laws and regulations, while also considering efficient allocation of resources within the electricity market.

Session objectives

• Identify key barriers to the development of pumped storage hydropower (PSH) that could be addressed through improved policy frameworks.
• Highlight recent policy initiatives specifically designed to facilitate more efficient and successful PSH development.
• Review existing revenue stabilisation mechanisms currently available to increase the bankability of PSH projects.

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Speakers

• Kate Gilmartin, CEO, British Hydropower Association
• Janice Goodenough, CEO, HYDROGRID
• Ivar Arne Børset, SVP Nordics Development, Statkraft
• Tom Ryssel, Policy Officer for Grid Integration of Electromobility, Heat Pumps and Power Storage, Federal Ministry for Economic Affairs and Energy of Germany
• Julia Souder, CEO, LDES Council (Moderator)