Lewis Ridge is a closed-loop pumped storage project, utilising a mature and proven technology that currently represents over 90 percent of grid-scale storage worldwide. When constructed, Lewis Ridge will provide on-demand affordable and reliable power to consumers for 100 years. The Project is strategically located in a coal mining area, as coal is phased out of the grid across the nation, communities face uncertain employment and economic futures. Projects like Lewis Ridge create new jobs and economic activity in energy communities.
“The PAD filing for Lewis Ridge is an important milestone in the development process” said Paul Jacob, CEO of Rye Development. “Rye is excited to partner with the local community on this important project and to help deliver significant jobs and economic benefits to this coal region and state as the US electric grid transitions.”
Lewis Ridge will bring over 2,000 family wage construction jobs during a 3 to 5-year build period, as well as several dozen direct and indirect family-wage jobs during project operations.
The recently passed Inflation Reduction Act placed a 30 percent investment tax credit on pumped storage with the opportunity to increase that credit to 50 percent when located in former fossil fuel communities.
“It’s important to note that as mining winds down, the community will need the construction and permanent jobs in the future” said Michael Gambrel, general manager of the mine site for landowner Asher Land and Mineral in Pineville, and past mining engineer on Jackson Mountain. “This will be a good thing, because the coal is almost gone from this property, and it will not be an idle property when we get this project permitted and constructed. It will be good for the community, the state, and the property owner.”
The PAD filing illustrates available information for all resource areas that will be assessed by FERC during the licensing process. Lewis Ridge will break ground in 2027 and begin delivering reliable, affordable power in 2030.
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