The independent power producer, in US, has signed a deal with Sparta, to study the use of the Limecrest Quarry and bedrock below to form the upper and lower reservoirs of a “closed-loop” pumped storage system.
Riverbank, backed by Blackrock, aims to build at least five closed-loop pumped storage plants, each with installed capacity of 1 GW, in North America. The system design is branded “Aquabank”.
The local government authority and Limecrest Quarry developers are collaborating in the studies for the project.
