Hyvity Invests $4 Million to Develop 350 MW of Hydro Storage in Chile!

In early June, Hyvity’s executive team traveled to Chile to launch its development program alongside local partners.

We have committed to two pumped-storage hydropower projects, with a total capacity of 350 MW, for which the pre-feasibility studies have yielded very positive results. Consequently, we have recently initiated the detailed studies.

Supported by the most experienced local players in the field, we are allocating this $4 million budget to enable the development of these two high-efficiency (nearly 80%), sustainable, and mature energy storage solutions.

By 2029, thanks to these two projects, we aim to harness over 1350 GWh per year of otherwise wasted energy, mainly from solar sources, and return it to the grid when it is most needed.

For more information on pumped-storage hydropower (PSH)

“The need for storage in Chile is becoming increasingly important due to the ongoing energy dumping (curtailment) faced by the national grid.

The overproduction of solar energy in the north, without the capability to be fully transported to the center of the country, results in the loss of enormous amounts of energy.

With storage systems, this energy can be redirected to consumption centers during periods of low production. Among storage systems, PSH (or reversible pumped storage) – with its unparalleled robustness and simplicity – has not yet been developed in the country. With Hyvity, we aim to be pioneers in this field”

Jordi Vidal Pujol

Jordi Vidal Pujol, a hydropower engineer for Hyvity in Chile, has been working for several months on identifying and developing hydropower projects in the country. He brings over 25 years of experience as an engineer in energy, water, and construction, including a decade exclusively dedicated to the hydroelectric industry in Chile.