Print Email Facebook Twitter Risk mitigation and investability of a U-PHS project in the Netherlands Title Risk mitigation and investability of a U-PHS project in the Netherlands Author Kramer, Gert Jan (Universiteit Utrecht) Arts, Twan (O-PAC Ontwikkelingsmij) Urai, Janos L. (RWTH Aachen University; Geostructures—Consultancy for Structural Geology and Geomechanics) Vrijling, J.K. (TU Delft Hydraulic Structures and Flood Risk) Huynen, Jan M.H. (Sogecom B.V) Date 2020 Abstract We review the status of a 1.4 GW, 8 GWh underground pumped hydro storage (U-PHS) project in the southern Netherlands, which has been under development since the 1980s. Its history shows how the prospect of a large-scale U-PHS for The Netherlands (a country whose proverbial flatness prohibits PHS) has been attractive in every decade, based on proven technology in a subsurface location with validated properties, and solid analysis of its economics. Although the ongoing energy transition clearly requires massive electricity storage, (U-)PHS projects are challenging investment propositions, in The Netherlands, as elsewhere. This case study illustrates a point of general relevance, namely that although the project execution risk, related to uncertainty with respect to subsurface integrity, is very low, the transition risk, associated with the intrinsic uncertainties of an electricity system in transition, is significant. We point out mitigation strategies for both risk categories. Subject Electric grid stabilizationElectricity storageEnergy transitionPumped hydro storageRegional economic developmentRenewable energy To reference this document use: http://resolver.tudelft.nl/uuid:c492d39d-47e2-4ab4-af3b-e0b14bebc784 DOI https://doi.org/10.3390/en13195072 ISSN 1996-1073 Source Energies, 13 (19), 1-18 Part of collection Institutional Repository Document type journal article Rights © 2020 Gert Jan Kramer, Twan Arts, Janos L. Urai, J.K. Vrijling, Jan M.H. Huynen Files PDF energies_13_05072.pdf 2.35 MB Close viewer /islandora/object/uuid:c492d39d-47e2-4ab4-af3b-e0b14bebc784/datastream/OBJ/view