<\/span><\/h2>\nPumped hydro storage is a reliable and efficient technology for energy storage, but it comes at a cost. Several factors contribute to the cost of pumped hydro storage, including:<\/span><\/p>\n\n- Infrastructure: The cost of building the infrastructure, such as the dams and reservoirs, is a significant factor in the overall cost of pumped hydro storage.<\/span><\/li>\n
- Operation and maintenance: The ongoing cost of operating and maintaining the infrastructure, including pumps, turbines, and generators, also adds to the overall cost.<\/span><\/li>\n
- Electricity consumption: Pumped hydro storage requires electricity to pump water up to the reservoir, which can be a significant expense.<\/span><\/li>\n<\/ul>\n
Compared to other energy storage technologies, pumped hydro storage is relatively expensive upfront but has a lower cost of operation and maintenance over its lifespan. For example, battery storage is a more expensive technology upfront but has a lower ongoing cost of operation and maintenance.<\/span><\/p>\nDespite the higher upfront cost, pumped hydro storage remains an attractive option for energy storage due to its reliability and long lifespan, which can range from 50 to 100 years. Additionally, pumped hydro storage can provide other benefits, such as grid stability and the ability to integrate renewable energy sources into the grid.<\/span><\/p>\n