400 Megawatt Pumped Hydro Facility In Montana Secures $1 Billion In Funding
A proposed 400 megawatt pumped hydro storage project near Martinsdale, Montana is a big step closer to reality. Its promoter, Absaroka Energy, announced this week it had secured $1 billion in financing from Copenhagen Infrastructure Partners in Denmark. The closed loop Gordon Butte Pumped Storage Hydro project has already received all the necessary permits from the Federal Energy Regulatory Commission and could begin construction as early as next year.