Hydro-Pumped Storage Plants Market Analysis, Market Size, Regional Outlook, Competitive Strategies and Forecasts, 2018 to 2023
Hydro-Pumped Storage Plants is a type of hydroelectric energy storage used by electric power systems for load balancing. The method stores energy in the form of gravitational potential energy of water, pumped from a lower elevation reservoir to a higher elevation. Low-cost surplus off-peak electric power is typically used to run the pumps. During periods of high electrical demand, the stored water is released through turbines to produce electric power. Although the losses of the pumping process makes the plant...
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