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Rye Development Selected by DOE to Receive $81 Million for Lewis Ridge Projects

Rye Development, the leading U.S. developer of pumped storage hydropower, today announced that the U.S. Department of Energy (DOE) selected the company to receive $81 million to advance its Lewis Ridge Pumped Storage Project. The project will convert former mine land in Bell County, Ky., into a closed-loop, 287-megawatt (MW) pumped storage hydropower facility, with the capacity to store electricity for up to eight hours and generate electricity to power 67,000 homes.