Thursday 27 Jun 2019
Gordon Butte Pumped Storage Hydro
Voltiq acts as co-advisor to Absaroka Energy
June 27, 2019 BOZEMAN, Montana
Absaroka Energy LLC, the developer of a closed loop Gordon Butte Pumped Storage Hydro Project (www.gordonbuttehydroproject.com) has entered an agreement securing equity investment capital for the project from Copenhagen Infrastructure Partners (CIP), Denmark.
Based in Montana, Absaroka has been responsible for the development of the 400-megawatt, closed-loop Gordon Butte Pumped Storage Hydro Project located near Martinsdale, Montana. To date, Absaroka has secured the site, obtained water rights and permits including receipt of a new major hydro license for the construction and operation of the facility from the Federal Energy Regulatory Commission (FERC). The project is in an advanced stage of development and will be ready for construction in 2020. “Montana could be the epicenter of Northwest U.S. energy generation potential when linked with the world class capacity and storage technology deployed at Gordon Butte, adding jobs and a new, long-term and sustainable tax base,” said Carl Borgquist, President of Absaroka Energy. “It only makes sense this project attracted a world class investor like Copenhagen Infrastructure Partners who are funding billions of dollars in renewable energy projects across the globe.”
Pumped storage hydro is a robust and rechargeable utility-scale energy storage system – essentially a large hydro battery – that will address difficult reliability challenges currently facing the nation’s electrical grid by creating the sustained ability to quickly respond to variations in demand and generation.