rPlus Hydro to Invest $2.5B in Wyoming Pumped Storage Project

rPlus Hydro, a unit of rPlus Energies, announced the submission of a Draft License Application for its Seminoe Pumped Storage project situated in Rawlins, Wyoming.  

The submission is an essential step for rPlus Hydro to bring pumped storage to the state and to contribute to the reliability of renewable energy sources.

As the construction cost estimates to be approximately $2.5 billion, this project demonstrates substantial investment in Wyoming's clean energy infrastructure. This storage will lead to the creation of 500 high-skilled construction jobs over a span of 3-5 years.

"rPlus Hydro is thrilled to take this next step in advancing the Seminoe Pumped Storage project in Wyoming, a state that is a rich source of energy production - especially in wind generation. We are proud to be developing a project that will enable Wyoming to benefit from these emerging resources," said Luigi Resta, President, rPlus Hydro. "This project also represents a significant economic opportunity to the local economy through increased jobs and tax revenues, in addition to enhancing and strengthening Wyoming's energy infrastructure."

"We look forward to engaging with federal, state, tribal governments, and the public as we progress this project," said Lars Dorr, Program Manager, Seminoe Pumped Storage project. "Submittal of this Draft License Application marks the beginning of a robust review process, and we are confident that this process will ultimately result in the best outcomes for this project, the community, and for clean electric generation in Wyoming."

The Seminoe Pumped Storage project is imperative for the reliability and dependability of Wyoming's electrical grid as it paves its way toward larger dependence on green energy sources like solar and wind.

"Pumped storage hydro has been relied upon for decades as a tool for energy storage and grid reliability," said Matthew Shapiro, CEO, rPlus Hydro. "As Wyoming creates and utilizes more renewable energy generation, like wind energy, energy storage projects like Seminoe will play a key role in making that energy available to everyone long into the future."