Rye Development advances 2,128MWh pumped hydro project at former Kentucky coal mine

LinkedIn
Twitter
Reddit
Facebook
Email

Developer Rye Development is partnering with Kentucky, US, utility companies Louisville Gas and Electric (LG&E) and Kentucky Utilities (KU), on a 266MW/2,128MWh pumped hydro energy storage (PHES) project.

Located in Bell County on former coal mining land, the project, Lewis Ridge Pumped Storage, will utilise PHES technology moving water between two reservoirs at different elevations in order to store and generate electricity.

According to Rye Development, once constructed, it would be the first project of its kind in Kentucky and one of the first new pumped hydro projects built in the US in over 30 years.

The eight-hour system will generate 266MW of electricity daily. During periods of low demand, excess energy is used to pump water from the lower reservoir to the upper reservoir. When electricity demand is high, the stored water is released, passing through turbines to generate electricity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

According to Rye, the US$1.3 billion project, which includes US$81 million from the US Department of Energy (DOE), would support an estimated 2,300 jobs during the four-year construction period and contribute about U$1.65 million annually in local tax revenue when fully operational.

In 2024, Rye was awarded an initial US$12 million of the total federal cost share award for the Lewis Ridge project. At that time, the company’s CEO Paul Jacob also noted, “We have identified additional coal mine sites in the US that are suitable for pumped storage hydropower, where insights gained from the Lewis Ridge facility can support future projects.”

The project received its preliminary permit from the Federal Energy Regulatory Commission (FERC) in 2022 and is currently pursuing its final license.

LG&E and KU are evaluating the project and if proven effective, the utilities would then file a request with the Kentucky Public Service Commission (KPSC) for authority to further advance the project. The companies claim that construction of the project could begin as early as 2027 with a commercial operation date (COD) of 2031.

Kentucky, historically reliant on coal for both power generation and economic activity, is transitioning to renewable energy more slowly than most US regions.

According to Rye, citing the Pacific Northwest Utilities Conference Committee’s (PNUCC’s) August 2024-July 2034 forecast, electricity demand in the Northwestern US is projected to grow by over 30% in the next decade, accompanied by rising residential and commercial electricity prices.

The company argues that PHES can help lower electricity costs by providing large-scale, reliable energy storage that functions even in extreme weather conditions.

While lithium-ion batteries dominate new energy storage system deployments, pumped hydro still accounts for the majority of existing global storage capacity.

In January, Rye and fund management company Copenhagen Infrastructure Partners (CIP) were issued a 40-year license by FERC for the Goldendale PHES project in Washington state.

Goldendale will be located on private lands at the site of a former aluminium smelter near Goldendale, Washington.

20 April 2027
Renaissance Dallas at Plano Legacy West Hotel, Dallas, Texas, Dallas
Policy, Procurement and Power Demand: Defining the Next Chapter for Energy Storage. Two days in Dallas where developers, IPPs, investors, utilities and the manufacturers building the technology come to close deals, not swap business cards. If you need to be in the room with the people deploying capital into US storage, this is that room.

Read Next

Premium
November 2, 2026
US President Donald Trump’s 26 August emergency executive order banning imports of certain foreign-made power equipment has prompted widespread public comment and private concern across the energy storage industry.
Premium
October 30, 2026
Few grids illustrate the strain of America’s data centre boom more starkly than the PJM Interconnection.
October 29, 2026
The California Energy Commission (CEC) has released over US$46 million for the state’s Distributed Electricity Backup Assets (DEBA) Programme.
October 29, 2026
Distributed energy resource (DER)-focused company FranklinWH has recently announced advancements in residential energy storage programmes in Louisiana and Iowa.
October 28, 2026
Energy storage developer-operator Bimergen Energy has filed an application for an Option 2 Retail Electric Provider (REP) certificate in Texas, US.