ODOE Grounded Podcast: Pump Up The Hydro!

September 29, 2021

On this episode of Grounded, we dive into the hot topic of energy storage, specifically- pumped-storage hydropower. ODOE’s own Rebecca Smith joins us, as well as Erik Steimle from Rye Development, for this fascinating and timely discussion.   Grounded: An Oregon Department of Energy Podcast · Episode 30: Pump Up the Hydro!

Energy storage project moving forward

August 30, 2021

A proposed closed-loop pumped hydro storage facility near Goldendale is again moving forward. The Goldendale Energy Storage Project proposes to store “clean” energy generated by wind and solar projects. “It’s an old sort of ‘back to the future’ project,” said Michael Rooney, vice president of Project Management for Rye Development, LLC. “We think closed-loop pumped hydro storage is critical to the grid, specifically in the Pacific Northwest.” The project is owned by Copenhagen Infrastructure Partners,… continue reading >>

Focus 15 Episode 29 – How a new energy project could bolster the state’s grid

August 9, 2021

In this episode of the Focus 15, TJ Martinell speaks with Rye Development Vice President of Project Development Erik Steimle about a new clean energy project near Goldendale.   Focus 15 · Focus 15 Episode 29 – How a new energy project could bolster the state’s grid

Goldendale project could stabilize, expand energy grid

August 5, 2021

Washington utility providers face two challenges in the near future: finding additional electricity to prevent outages while also complying with state Clean Energy Transformation Act (CETA) requirements to rely more on clean energy sources—most of which lack storage capacity. A proposed closed-system hydro pump storage project by Rye Development near Goldendale could help meet both objectives. When completed, the wind-solar-hydro system will be able to generate and store electricity sufficient to power the equivalent of… continue reading >>

Pittsburgh’s renewable energy opportunity in hydropower: generating power when the sun doesn’t shine and the wind doesn’t blow.

July 29, 2021

Only about 3% of the over 80,000 existing dams in the U.S are actively producing electricity. The U.S. Army Corps of Engineers (USACE) Pittsburgh District operates 23 dams alone. Many of these non-powered dams present a unique opportunity for repurposing existing infrastructure to create a local renewable energy solution that supports Pittsburgh’s growing innovation economy. Rye Development is the leading developer of new low impact hydropower energy generation and energy storage in the United States…. continue reading >>

Can Retrofitting Dams for Hydro Provide a Green Energy Boost?

July 27, 2021

With the era of building big dams over in the U.S., a growing number of existing dams are being modified to produce hydropower. These projects, advocates say, avoid the damaging impacts of new dams and could generate enough renewable electricity for several million homes. In 1969, the U.S. Army Corps of Engineers finished construction of the Red Rock Dam on the Des Moines River in Marion County, Iowa. One of thousands of U.S. dams built… continue reading >>

Lieutenant governor visits county

July 15, 2021

Washington’s Lieutenant Governor Denny Heck visited Klickitat County Monday at the invitation of Goldendale City Council member Miland Walling. He and his wife, Paula Fruci, got a briefing on the proposed Goldendale pumped storage project from a viewpoint on Highway 14 overlooking the site of the former Goldendale aluminum plant. Asked for his reaction, Heck replied: “What’s not to like? A project that creates all these jobs, both in the short term, but also on… continue reading >>

Opinion: Readers respond: Storage is key to electric grid

July 14, 2021

In response to “Over 6,000 PGE customers lost power amid record heat wave” (June 27): It’s clear that our infrastructure cannot handle today’s severe weather. We saw our neighbors lose power with record high temperatures, which further demonstrates the urgency to modernize our electric grid. We need a strong, resilient and affordable power grid to keep our state and economy running. As Congress looks to address infrastructure needs, energy storage must be seen as a… continue reading >>

Opinion: New energy storage project near Goldendale, WA will help NW power needs

June 21, 2021

Oregon and Washington are taking great strides to decarbonize the Northwest Energy Grid, however to achieve their clean energy goals while providing reliable, always-on electricity, the region will need new, innovative energy storage. And while our national energy labs and smart private sector entrepreneurs are working on increased battery storage capabilities, others are focused on pumped storage projects. These projects pump water uphill when there is surplus electricity and release it to flow back downhill… continue reading >>

Jay Anders joins Rye Development, LLC as COO

June 2, 2021

Experienced energy executive to boost Rye’s growing hydropower portfolio   BOSTON, June 2, 2021 /PRNewswire/ — Rye Development (Rye) is pleased to announce that Jay Anders, P.E., has joined the company as the Chief Operations Officer with a primary focus on the engineering, procurement, and construction of various hydropower projects in North America. Anders joins Rye after spending the last 15 years in the hydropower consulting industry. Most recently, as the Associate Vice President and… continue reading >>

Argonne leads creation of definitive valuation guide for pumped storage hydropower

May 12, 2021

A new U.S. Department of Energy-sponsored guidebook, spearheaded by Argonne, helps illustrate the value of investing in the world’s best clean energy storage technology. How do we catch the wind or hold a sunbeam in our hands? We don’t — but pumped storage hydropower is the quiet giant that does it for us. This commercially proven energy storage method uses pumps to transfer water from lower to higher ground when wind and solar energy sources have… continue reading >>

Opinion: Clean energy infrastructure vital to Washington’s future

April 19, 2021

Weather-related blackouts in Texas earlier this year and the rolling blackouts in California last year are further reminders of how fragile our power grids can be.  As utilities go through the process of planning to comply with Washington’s Clean Energy Transformation Act (CETA) we must acknowledge we have the same vulnerabilities here. Washington utilities therefore must include robust carbon-free energy infrastructure in their energy portfolios.  Washington state led the nation when Gov. Jay Inslee signed CETA in 2019…. continue reading >>

Fitzgerald Announces Commitment to Locally-Generated Renewable Energy

January 28, 2021

35-Year Agreement to Purchase Energy Generated at New Hydropower Facility PITTSBURGH – County Executive Rich Fitzgerald today announced an investment by Allegheny County in locally-generated clean energy. The county has entered into a 35-year power purchase agreement (PPA) with Rye Development to purchase renewable energy generated by a 17.8 MW low- impact hydropower facility Rye will construct on the Ohio River. For each year that the agreement is in effect, the county will offset emissions… continue reading >>

Fund manager bets on new source of renewable power: old river dams

January 14, 2021

Opportunity comes after truce between US environmentalists and the hydropower industry Dams built long ago to control floods or ease river transport are gaining attention as a potential zero-carbon electricity source in the US, as environmentalists and the hydropower industry drop their longstanding antagonism in the face of climate change. Hydroelectricity is like wind, solar and nuclear power in that it emits no planet-warming carbon dioxide, yet hydro capacity has not grown for decades after… continue reading >>

Climate Adaptive Infrastructure Funds Hydroelectric Projects at 22 Existing Non-Powered Dams

January 14, 2021

Partnership with Leading Hydro Developer, Rye Development, Will Add 250 MW of Low-Carbon Generation at Existing Dams inKentucky, Louisiana, Mississippi, Ohio, Pennsylvania and West Virginia SAN FRANCISCO–(BUSINESS WIRE)–Climate Adaptive Infrastructure, LLC (“CAI”) an infrastructure investment firm specializing in low-carbon real assets in the energy, water and transport sectors, today announced that it is funding the construction of 22 hydroelectric projects (“Rye Hydro”) at existing non-powered dams (“NPDs”) in the Eastern United States, alongside Rye Development,… continue reading >>

The Region Could Use Pumped Storage, But Can It Afford It? – Clearing Up

November 13, 2020

An international infrastructure investment firm has acquired development rights to the 400 MW Swan Lake and 1,200 MW Goldendale projects, likely giving those proposed Northwest closed-loop hydro pumped storage projects the financing needed to see them through completion. Copenhagen Infrastructure Partners, on behalf of Copenhagen Infrastructure IV K/S, announced Nov. 11 it has acquired ownership of the $800 million Swan Lake project, located in Klamath County, Ore., and the $2.1 billion Goldendale project in Kittitas County, Wash., from National Grid and Rye Development, which will remain… continue reading >>

CIP acquires Swan Lake and Goldendale, 393 MW and 1,200 MW pumped storage hydro projects located in Oregon and Washington, USA

November 12, 2020

Copenhagen Infrastructure Partners (CIP), on behalf of Copenhagen Infrastructure IV K/S, has acquired ownership of the Swan Lake (Klamath County, Oregon) and Goldendale (Klickitat County, Washington) closed-loop pump storage hydro projects. The projects were previously owned and in development under a joint venture between Rye Development (Rye) and National Grid. Swan Lake is a 400 MW project that secured its 50-year Federal Energy Regulatory Commission (FERC) license in 2019. Goldendale is a 1,200 MW project… continue reading >>

Rye Development is pleased to announce our new Vice President Mr. Nathan Sandvig.

October 29, 2020

Mr. Sandvig is a seasoned renewable energy developer and joins our team after leading National Grid’s utility scale energy storage business.  Prior to his role at National Grid, Nate served in senior development and campaign roles at MWH Global, EDF Renewable Energy, EDP Renewables, and Noble Environmental Power.  Nate brings considerable value to Rye as we transition into the construction of a number of high-profile projects requiring careful management of ongoing relationships with local communities,… continue reading >>

Rye Development is pleased to announce our agreement with environmental and industry organizations recognizing the importance of new hydropower for integrating wind/solar into the US electric grid to increase the climate resilience of US rivers

October 14, 2020

U.S. Environmental Community and Hydropower Industry Issue Joint Statement of Collaboration This page includes information related to an agreement between the U.S. hydropower industry and environmental and conservation organizations that is the product of a two-and-a-half year dialogue entitled “Hydropower: Climate Solution and Conservation Challenge.” The “Joint Statement of Collaboration” is the result of a diverse range of organizations, companies, government agencies and universities committed to charting hydropower’s role in a U.S. clean energy future… continue reading >>

In a grid dominated by renewable energy, Rye’s Swan Lake and Goldendale closed loop pumped storage facilities are positioned to be the “heavily artillery” batteries US utilities will need

October 13, 2020

Experts say pumped hydro is notoriously difficult to site. But as more renewables come online, the industry is eyeing new locations and fresh technologies. At least 32 utilities are aiming to be carbon-free or achieve net-zero emissions by 2050. This is the second of a four-part series exploring the storage technologies that could get them there. Around three or four years ago, Jim Day, CEO of Daybreak Power, came across a Bureau of Reclamation (BOR)… continue reading >>

The Swan Lake Energy Storage Project will be the cornerstone of Southern Oregon’s post-covid economic recovery

September 28, 2020

Klamath County developers painted a bright picture of the future of Klamath County’s economy, noting unprecedented levels of construction and development in economic sectors that have been largely undeterred by COVID-19. Between this year and next year, $1.2 billion in new construction is planned for the county, which Klamath County Economic Development Association said is an all-time high. Andrew Stork with KCEDA boasted not only a large volume of projects, but also diversity in the… continue reading >>

Labor agreement signed for the Swan Lake Energy Storage Project

March 5, 2020

Rye Development has come to terms on a project labor agreement (PLA) with the Southern Oregon Building and Construction Trades Council covering the proposed $800 million Swan Lake Energy Storage Project 11 miles northeast of Klamath Falls, Oregon. A memorandum of understanding signed Feb. 6 stipulates that the project will be built under a PLA, and that contractors and subcontractors will recognize the Southern Oregon Building and Construction Trades Council as the sole and exclusive… continue reading >>

PGE shift lifts hopes for $800M pumped storage project

January 22, 2020

It’s still a long way from being built, but an $800 million pumped storage project in Southern Oregon got good news from Portland General Electric late last week. In a regulatory filing, the investor-owned electric utility proposed moving quicker than originally planned to explore plugging a capacity gap expected to open up later this decade. That could put the Swan Lake Energy Storage Project, which has a development timeline of several years, into play. “What… continue reading >>

Washington’s Governor Inslee visits the Goldendale Pumped Storage Project

September 18, 2019

Great day out at the Goldendale Pumped Storage Project in Washington with Governor Inslee, local county officials, labor representatives and a major league data center developer. Enormous economic development potential with the Goldendale Pumped Storage Project being the cornerstone of a 100% clean energy economy and 24/7 carbon-free power.

Swan Lake land use for transmission line authorized

September 13, 2019

SACRAMENTO – The Bureau of Reclamation issued a Right-of-Use authorization Thursday that allows for the construction of a transmission line project on two remote 40-acre parcels east of Klamath Falls, according to a news release. The 19-acre Swan Lake North Pumped Storage Hydroelectric Project site, adjacent to the Lost River, will be used to construct and maintain an electrical transmission line, associated right-of-way, four mono-poles that support the transmission line and temporary access roads. The… continue reading >>

Pumped-storage hydropower can help Washington meet its 100% clean-energy goal

August 16, 2019

As Washington state begins its transition to a carbon-free electrical supply, a new project under development near Goldendale has the potential to deliver an abundance of clean electricity to support the Northwest energy grid. This project already has the support of a wide range of stakeholders. The proposed Goldendale Pumped Storage Project, eight miles south of Goldendale next to the Columbia River, would create 1,200 megawatts of clean electricity to integrate into the existing power… continue reading >>

Oregon Legislature passed a joint resolution in May 2019 in support of closed loop pump storage projects

May 31, 2019

The Oregon Legislature passed a joint resolution in May 2019 in support of closed loop pump storage projects, like the Swan Lake Project.  See,  It is the first of its kind in the nation. The resolution passed both the Senate and House with near unanimous support across party lines and urban/rural constituencies.  The resolution acknowledges the need for large storage projects like pump storage to help Oregon integrate increasing amounts of renewable energy and move… continue reading >>

FERC issues original license for 393.3-MW Swan Lake North Pumped Storage Hydroelectric Project

May 1, 2019

The U.S. Federal Energy Regulatory Commission has issued an original 50-year license for the 393.3-MW Swan Lake North Pumped Storage Hydroelectric Project in Klamath County, Oregon. The project, to be developed by Swan Lake North Hydro LLC, will be located about 11 miles northeast of Klamath Falls and will occupy 730 acres of federal land administered by the U.S. Bureau of Land Management and U.S. Department of Interior’s Bureau of Reclamation. The Swan Lake North… continue reading >>

Feds approve giant ‘battery’ in Southern Oregon

May 1, 2019

Federal energy regulators on Tuesday approved construction of what would amount to the biggest “battery” in Oregon. The $800 million Swan Lake North Pumped Storage Hydroelectric Project, 11 miles north of Klamath Falls, would move water between two 60-plus-acre reservoirs separated by more than 1,600 vertical feet, pumping the water uphill when energy is available and sending it downhill through generating turbines when energy is needed. Pumped storage is an established technology that has proven… continue reading >>

Pumped storage power plants convince Californian politicians and business representatives

April 19, 2019

With their high flexibility, pumped storage power plants are perfectly suited to balance the volatile electricity production from wind and solar energy, making them an important part of the energy turnaround. Right now, Alpiq’s expertise in this field is highly sought-after worldwide. On Tuesday, 16 April 2019, a high-level Californian delegation of politicians and business representatives visited the Nant de Drance pumped storage power plant, which is about to be completed. The visitors, who are… continue reading >>

Pumped Storage Projects Selected for Techno-Economic Studies

December 3, 2018

Today, the U.S. Department of Energy (DOE) announced selections for its Notice of Opportunity for Technical Assistance (NOTA) to perform techno-economic studies to evaluate the long-term value of two selected pumped-storage hydropower (PSH) projects. While PSH projects were initially built to balance the electricity system between period of high demand during the day and low demand at night, increases in variable renewable generation have changed how plants are operated and the value they provide to… continue reading >>

Pitt signs agreement to purchase all the power from planned hydroelectric plant

November 29, 2018

In a big step toward meeting its 2030 sustainability goals, Pitt has agreed to purchase 100 percent of the power from a low-impact hydroelectric power plant to be built on the Allegheny River. The plant — located less than 5 miles from campus at the existing Allegheny Lock and Dam No. 2 below the Highland Park Bridge — will be the first of eight potential hydroelectric facilities that Rye Development of Boston has received permits… continue reading >>

Rye Development LLC Requests Qualification Proposals from Hydropower EPC Providers

November 28, 2018

BOSTON, Nov. 28, 2018 /PRNewswire/ – Rye Development LLC (RYE) is the leading developer of new hydropower on existing dams in the U.S. RYE currently has over 1,800 megawatts (MWs) of hydropower in development across 24 projects in eight states. Interested companies can download the full RFQ on RYE’s website at: RYE has issued a Request for Qualifications (RFQ) for Engineering, Procurement, and Construction (EPC) Services on ten (10) initial new hydropower projects on… continue reading >>

Hydroelectric vision: Plan for plant on Allegheny deserves consideration

November 5, 2018

There is momentum on bringing a hydroelectric dam to the city of Three Rivers Harnessing the might and muscle of water to create power of a different kind is not a new idea. The country’s first hydroelectric power plant — a mechanical facility that converts water’s kinetic energy into electricity—- was built at Niagara Falls in 1882. But in the city of Three Rivers, the concept hasn’t floated. That could be changing. And it should…. continue reading >>

Senator Cantwell visits the Goldendale Energy Storage Project

September 12, 2018

“Klickitat County has already been a leader in energy policy, implementing one of the most advanced policies in the nation to cover the county with wind and now they’re looking at pump storage which is a good solution to renewable energy, to have something that would balance it out. So seeing this project today, we want to make sure that the federal government is putting in place what are the rules for projects like pump… continue reading >>

House and Senate negotiators reach agreement on water infrastructure bill

September 11, 2018

US House of Representative approved by voice vote the America’s Water Infrastructure Act of 2018 (AWIA), S. 3021, which included provisions promoting hydropower deployment. The hydropower provisions included language: Creating a quicker, more efficient licensing process for proposed projects at existing non-powered dams and for closed-loop pumped storage; Shortening the timeline for projects utilizing existing conduits; Providing regulatory incentives for investments at existing hydropower facilities; and Improvements to the preliminary permits and start construction timelines… continue reading >>

Klamath Commissioners briefed on Swan Lake project

August 29, 2018

Klamath Falls, Ore. – A $750 million energy storage project in Klamath County has cleared a major hurdle. The Swan Lake Power Storage Project’would be built about 12 miles northeast of Klamath Falls in the Swan Lake area. Erik Steimle of Rye Development explains the project would not generate electricity, but act like a battery. “Storing energy during periods of excess capacity, and then releasing water from an upper reservoir and creating electricity in the… continue reading >>

Group meets to examine planned pumped storage project

May 23, 2018

THE SITE: The planned project would build two enormous ponds, one where the aluminum plant was and the other on top of the cliffs overlooking it. Water from the lower pond would be pumped up to the higher one, then released when needed to generate energy. A representative of the British government, three U.S senators, a U.S. congresswoman, personnel from the governor’s office and Washington State departments, a full complement of district legislators, commissioners from… continue reading >>

The board of Rye Development appoints a new CEO, Paul D. Jacob

February 28, 2018

Boston, Massachusetts, February 20, 2018 – The Board of Directors of FFP New Hydro LLC announces that Paul D. Jacob has been appointed as CEO to succeed Ramya Swaminathan. Ms. Swaminathan announced her resignation as CEO, effective February 28, 2018, to pursue another venture in the energy space. “Under Ramya’s leadership, Rye Development has solidified its position as the leading developer of new hydropower on existing dams in the United States and has advanced its… continue reading >>

Swan Lake hydro project enters new phase

December 27, 2017

Public comment, environmental analysis to commence Herald and News A long-discussed hydro-electric project in Klamath County has moved one step closer to fruition, as environmental analysis and a comment period have begun for the proposed Swan Lake North pumped-storage plant. The project has been in development since 2014, but last March exchanged hands in an acquisition by Rye Development and GridAmerica from EDF Renewable Energy. With Rye, operating as New Hydro LLC, and GridAmerica, a… continue reading >>

Exclusive: Big time backers revive $2B Columbia River Gorge energy storage project

November 7, 2017

Portland Business Journal A massive proposed energy storage project alongside the Columbia River has new life. Confident that the $2 billion project has a chance, Rye Development, which calls itself the largest developer of new hydropower in the U.S., has applied for a preliminary federal permit for the Goldendale Energy Storage Project, 110 miles upriver from Portland. The project would use an established technology, pumped storage, that has proven difficult to build in the U.S…. continue reading >>

Rye Development to build 17-MW hydro plant near Pittsburgh

November 7, 2017

Power Engineering Rye Development announced it has received a license from the Federal Energy Regulatory Commission to build a 17-MW hydro facility on the Allegheny River near Pittsburgh, Pennsylvania. The Allegheny 2 Hydroelectric Project will be constructed on the existing Allegheny No. 2 Lock and Dam owned by the U.S. Army Corps of Engineers. The $60 million development should begin construction in 2018 and begin operations in 2020. FFP New Hydro, which has Rye Development… continue reading >>

Modernizing energy infrastructure: challenges and opportunities to expanding hydropower generation

March 24, 2017

Location: 2123 Rayburn Energy (115th Congress) Witnesses Mr. Kieran Connolly Vice President, Generation and Asset Management, Bonneville Power Administration Witness Statement Witness Invitation Truth in Testimony and CV Mr. Chuck Hookham P.E. Director, NBS Services, CMS Energy, on behalf of the American Society of Civil Engineers Witness Statement Witness Invitation Truth in Testimony and CV Mr. Dave Steindorf California Stewardship Director, American Whitewater, on behalf of the Hydropower Reform Coalition Witness Statement Witness Invitation Truth… continue reading >>

Subenergy examines hydropower and ways to modernize energy infrastructure

March 24, 2017

WASHINGTON, DC – The Energy Subcommittee, chaired by Rep. Fred Upton (R-MI), today held a hearing examining the state of the nation’s dams and hydropower resources. The subcommittee reviewed the federal licensing process and recommendations to improve coordination between government agencies, promote new infrastructure, and ensure consumers have access to reliable and affordable electricity generated from hydropower. Mr. Chuck Hookham, P.E. testifying on behalf of the American Society of Civil Engineers, discussed ways in which… continue reading >>

Hydroelectric power plant in development along Ohio River

November 9, 2016

NEW CUMBERLAND, W.Va. — On Wednesday, with little fanfare, a company held a public meeting in New Cumberland to discuss their plans for a new hydroelectric power plant. If you missed it, you weren’t the only one. There were five people in the room; three were there to learn and two were there to talk about a project that is in the very early stages. “What we are proposing is a hydroelectric power plant of… continue reading >>

New hydroelectric plant proposed for Kittanning Borough

October 12, 2016

Local officials and citizens were informed of a new hydroelectric power generating plant that may be built in Kittanning. The plant would be built on the Lock 7 dam along the shoreline of the Allegheny River in Kittanning Borough. The project is being proposed by Rye Development, with primary offices in Portland, Oregon. Rye Development Vice-President Erik Steimle led the discussion and listened to concerns raised by citizens at Tuesday’s public meeting at the Kittanning… continue reading >>

U.S. hydropower grows by going small

August 19, 2016

Hydropower expansion relies on improving existing dams. By Brett Walton, Circle of Blue Change is coming for the 90-year-old Point Marion Lock and Dam, change that could signal a new direction for America’s water and power infrastructure. More than a decade ago a steady flow of barges passed through Point Marion, on the Monongahela River in southwest Pennsylvania. Nine locks built between 1906 and 1965 sedated the lower “Mon” into a series of slackwater stair… continue reading >>

FFP New Hydro receives FERC Licenses for Yazoo River Basin hydropower projects

July 4, 2016

America’s largest portfolio of new hydroelectric projects on existing dams receives four FERC licenses for projects in the Yazoo River Basin in Mississippi. BOSTON, Jan. 20, 2016 /PRNewswire/ — FFP New Hydro LLC announced today the receipt of Hydropower licenses from the Federal Energy Regulatory Commission (FERC) for four projects located in the Yazoo River Basin in Mississippi, at existing flood control facilities owned and operated by the US Army Corps of Engineers. The four… continue reading >>

Rye Development receives FERC License for Kentucky Lock and Dam 11 hydropower project

July 4, 2016

America’s largest portfolio of new hydroelectric projects on existing dams receives FERC license through congressionally mandated 2 year licensing process for project on the Kentucky River in Kentucky BOSTON, May 11, 2016 /PRNewswire/ — Rye Development announced today the receipt of a hydropower license from the Federal Energy Regulatory Commission (FERC) for the Kentucky Lock and Dam 11 Hydroelectric Project, which is owned and operated by the Kentucky River Authority. The Project was the only… continue reading >>

Mississippi getting hydropower

July 4, 2016

Mississippi is getting closer to producing hydropower for the first time. Four dams located in Mississippi’s Yazoo River Basin – on Arkabutla, Sardis, Enid and Grenada Lakes – will be retrofitted in the next two to three years to produce enough power for more than 15,000 homes annually. FFP New Hydro, a Boston company that formed in 2010 to pursue hydro power projects at existing, non-powered dams in the United States, in January obtained a… continue reading >>

FFP New Hydro and AECOM Capital create Muskingum River Hydro Partnership to bring Ohio hydropower projects to completion

April 7, 2016

The six low impact run-of-river hydropower projects are expected to be a sustainable resource for Muskingum River communities, producing enough clean and renewable electricity to power 11,500 homes. COLUMBUS, Ohio–(BUSINESS WIRE)–FFP New Hydro LLC, developer of America’s largest portfolio of new hydroelectric projects on existing dams, and AECOM Capital, a subsidiary of AECOM (NYSE:ACM), recently announced the formation of Muskingum River Hydro LLC to develop and construct six hydropower projects on the Muskingum River in… continue reading >>

FFP New Hydro and Crestline Investors team up to deliver 21 hydroelectric projects on existing dams in the U.S.

August 25, 2015

America’s largest portfolio of new hydroelectric projects on existing dams is strengthened by financing, federal licensing approval, tax credits. BOSTON, Aug. 25, 2015 (PRNewswire) — FFP New Hydro LLC announced today the continued expansion of its hydroelectric power portfolio in the U.S. with its closing of a senior loan facility with Crestline Investors, Inc., a Texas-based alternative asset management firm, and the acquisition and integration of Rye Development, FFP New Hydro’s manager, into the company…. continue reading >>