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Does Riverbank’s underground pump storage use more energy than it produces?

April 26, 2017energy produces pump RiverBank storage underground

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Does Riverbank’s underground pump storage use more energy than it produces?

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Like all pump storage applications, Aquabank™ represents a net load on the system. The major benefit of this technology is that it can convert unwanted energy at night [off-peak] into a needed product for delivery the next day. This conversion has tremendous benefits to the system operators who are dealing with high prices due to transmission congestion and will enable new clean energy sources to be developed.