Verbund to Expand Pumped-Storage Plant Boosting Flexibility
- Austrian utility will start construction before third quarter
- Verbund spending almost half a billion euros on Limberg III
The Verbund Moosersperre Dam in Kaprun, Austria.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Austria’s biggest utility said it will spend more than $500 million dollars to expand a key Alpine pumped-storage plant.
Verbund AG’s Kaprun plant has been called the world’s most beautiful battery. About 94% of the world’s installed storage relies on this decades-old concept of pumping water uphill then generating power by releasing it downhill later. The plant at Kaprun currently stores enough power to cover almost 100,000 households for more than a week.