The purpose of this Notice of Opportunity for Technical Assistance (NOTA) is to perform techno-economic studies, power market analyses, financial analyses, and a valuation analysis to evaluate the long-term benefits and costs of two selected Pumped-Storage Hydropower (PSH) projects. These studies will provide PSH developers with a number of analyses to estimate the value of a proposed PSH project, including: value of bulk power/storage capacity; energy arbitrage; value of ancillary services; power system stability; and transmission benefits. The studies will also investigate and compare PSH financial revenue streams under current market structures relative to the economic value of PSH to the grid.
Total Technical Assistance is valued at $3,000,000. DOE will provide the funding to the team that will provide the Technical Assistance for the selected projects. There is no direct financial assistance available under this NOTA.
An informational webinar was held on May 24, 2018. The webinar presentation can be accessed under the "Documents" heading below.
Applicants are encouraged to submit optional Letters of Intent by 5 p.m. ET on June 12, 2018. The Letter of Intent should be sent by e-mail to WPTONOTA@ee.doe.gov.
The Q&A for this NOTA can be accessed under the Documents heading below.