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Article

Risk Mitigation and Investability of a U-PHS Project in The Netherlands

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Copernicus Institute of Sustainable Development, Utrecht University, Princetonlaan 8a, 3584 CB Utrecht, The Netherlands
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O-PAC Ontwikkelingsmij, Vrijthof 48, 6211 LE Maastricht, The Netherlands
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Institute for Structural Geology, Tectonics and Geomechanics, RWTH Aachen University, Lochnerstrasse 4-20, D-52056 Aachen, Germany
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Geostructures—Consultancy for Structural Geology and Geomechanics, Hunnenweg 9, 6224 JN Maastricht, The Netherlands
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Department of Hydraulic Engineering, Delft University of Technology, Stevinweg 1, 2628 CN Delft, The Netherlands
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Sogecom B.V., Vrijthof 48, 6211 LE Maastricht, The Netherlands
*
Author to whom correspondence should be addressed.
Energies 2020, 13(19), 5072; https://doi.org/10.3390/en13195072
Received: 13 July 2020 / Revised: 21 September 2020 / Accepted: 23 September 2020 / Published: 28 September 2020
(This article belongs to the Special Issue Underground Pumped Storage Plants)
We review the status of a 1.4 GW, 8 GWh underground pumped hydro storage (U-PHS) project in the southern Netherlands, which has been under development since the 1980s. Its history shows how the prospect of a large-scale U-PHS for The Netherlands (a country whose proverbial flatness prohibits PHS) has been attractive in every decade, based on proven technology in a subsurface location with validated properties, and solid analysis of its economics. Although the ongoing energy transition clearly requires massive electricity storage, (U-)PHS projects are challenging investment propositions, in The Netherlands, as elsewhere. This case study illustrates a point of general relevance, namely that although the project execution risk, related to uncertainty with respect to subsurface integrity, is very low, the transition risk, associated with the intrinsic uncertainties of an electricity system in transition, is significant. We point out mitigation strategies for both risk categories. View Full-Text
Keywords: pumped hydro storage; electricity storage; renewable energy; electric grid stabilization; energy transition; regional economic development pumped hydro storage; electricity storage; renewable energy; electric grid stabilization; energy transition; regional economic development
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MDPI and ACS Style

Kramer, G.J.; Arts, T.; Urai, J.L.; Vrijling, H.; Huynen, J.M.H. Risk Mitigation and Investability of a U-PHS Project in The Netherlands. Energies 2020, 13, 5072. https://doi.org/10.3390/en13195072

AMA Style

Kramer GJ, Arts T, Urai JL, Vrijling H, Huynen JMH. Risk Mitigation and Investability of a U-PHS Project in The Netherlands. Energies. 2020; 13(19):5072. https://doi.org/10.3390/en13195072

Chicago/Turabian Style

Kramer, Gert J., Twan Arts, Janos L. Urai, Han Vrijling, and Jan M.H. Huynen. 2020. "Risk Mitigation and Investability of a U-PHS Project in The Netherlands" Energies 13, no. 19: 5072. https://doi.org/10.3390/en13195072

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