Hydroelectric, New Projects, Pumped Storage Hydro, Renewables, Solar, Wind

Paniolo Power Co. to file Request for Qualifications for pumped-storage hydro project

Paniolo Power Company LLC, a subsidiary of Parker Ranch Inc., will submit a Request for Qualifications (RFQ) from engineering, procurement and construction (EPC) providers for a pumped-storage hydroelectric system on Parker Ranch lands for the Greater Waimea and the Kohala Region in Hawaii.

This RFQ is the first potential project currently under development by a three-party consortium led by Siemens (NYSE: SI), which commenced in September 2013.

Paniolo Power wants to identify design requirements for potential hydro-energy storage solutions, from 10-MW to 200-MW.

According to Paniolo Power, the project has the potential to provide up to five hours of power.

The RFQ process will open in September.

Wind, solar, geothermal and battery-storage RFQs are also being discussed and will be announced separately. 

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