Eminent players operating across the pumped hydro storage market include:
Schluchseewerk AG
Sinohydro Corporation
Genex Power Limited
J-POWER
Voith GmbH & Co.
KGaA
Toshiba Energy System & Solutions Corporation
DEC
General Electric
EDF
Northland Power, Inc.
Eskom Holdings SOC Ltd.
Nevada Hydro Corporation
Enel Spa
Absaroka Energy, LLC
RusHydro
Obermeyer Hydro, Inc.
Litostroj Power
Andritz
Mitsubishi Heavy Industries Machinery Systems, Ltd.
Greenko Energy
Tata Power
Authors:
Ankit Gupta, Abhishek Chopra
Frequently Asked Questions (FAQ) :
The market size of pumped hydro storage valued at more than $330 billion in 2021 and is likely to cross the total installation of 300 GW by 2028, says this GMI report.
Open-loop hydro storage systems may record around 3% CAGR in the global industry through 2028 as several government initiatives are being introduced to increase the production of renewable energy, with the authorities enforcing strict rules with respect to emission levels.
Asia Pacific pumped hydro storage sector will witness a collective installation of over 170 GW by 2028 due to the favorable policies introduced by governments to increase the deployment of sustainable electric networks.
Prominent companies, including Genex Power Limited, Voith GmbH & Co., KGaA, J-POWER, Toshiba Energy System & Solutions Corporation, General Electric, DEC, Northland Power, and EDF among several others, are engaged in the production of high-quality pumped hydro storage systems for clients across the world.