Paniolo Power Company to Issue a Pumped-Storage Hydro RFQ for Hawaii
Paniolo Power Company, a subsidiary of Parker Ranch, Inc., has announced plans for a Request for Qualifications (RFQ) from engineering, procurement and construction (EPC) providers for a pumped-storage hydroelectric (PSH) system on Parker Ranch lands. The RFQ process will open in September.
This Request for Qualifications is the first potential project to emerge from the utility-grade integrated resource plan (IRP) initiated by Parker Ranch in 2013 and currently under development by a three-party consortium led by Siemens. The IRP is evaluating the merits of an innovative community-based energy solution for Greater Waimea and the Kohala Region as well as large-scale energy resources to possibly benefit the entire island of Hawaii.
Pumped-storage hydro on Parker Ranch lands has the potential to provide up to five hours of firm, dispatchable power, which would enable load shifting and increase renewable penetration significantly. Wind and solar energy, that would otherwise be curtailed, would pump water to an upper reservoir. Releasing this water during the evening would generate power to meet the evening peak loads, which would further reduce or eliminate the need to run expensive oil-fired fossil generators during peak demand. Strategic investments in storage may produce better results than certain investments in the grid while also helping to address challenges posed by the so-called “duck curve” facing many utilities.
Paniolo Power will issue the Pumped-Storage Hydro RFQ in September and a subsequent Request for Information (RFI) to a select group of RFQ participants, once all responses have been evaluated. Wind, solar, geothermal and battery-storage RFQs are also being contemplated and would be announced separately.
To receive a copy of the PSH RFQ when it is released, prospective respondents may email Jonathan Mitchell, Manager of Corporate Development at Parker Ranch, at JMitchell(at)ParkerRanch.com (7/31/14)
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