Riverbank Power, enXco teaming up for pumped-storage development

TORONTO, Ontario, Canada 3/1/12 (PennWell) -- Hydroelectric developer Riverbank Power and renewable energy conglomerate enXco (an EDF Energies Nouvelles Company) have entered into a joint venture agreement to develop pumped-storage facilities in North America.

Riverbank Power president John Douglas says the arrangement will allow the companies to work toward the "resurgence of this mature technology" so that renewables might "achieve their meaningful objectives."

A release says the companies will initially focus their efforts on large-scale development in the Pacific Northwest of the U.S.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs