Hydropower Asia 2022

GE Hydro Solutions
Hydro Power Asia
Conference 2022

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 HYDROPOWER – FORGOTTEN GIANT
Net Zero by 2050 will not be met unless
decision-makers prioritize the growth of
hydropower

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Hydro a multi-purpose energy resource
Enabler of the energy transition Sustainable development Water management
Hydropower is the perfect enabler Hydropower is one of the oldest ways As hydropower experts, water
of renewable expansion. used for producing decarbonized management is at the core of our
• Reliable, storable and flexible electricity. electricity at the lowest LCoE*. expertise benefiting to local activities.
• Balancing wind and solar • Energy independency • Agriculture and irrigation
• Stabilizing the grid through ancillary • Local communities … employment, • Water security
services education, recreation, tourism. • Flows management
• Hydropower has the lowest carbon • Mitigating the impacts of extreme • Sanitation
footprint over its life cycle than any other weather events such as floods
form of energy and drought
*LCoE: Levelized Cost of Energy
Rarely recognized in the business
model as not highly remunerated.

… playing a key role in the

RENEWABLES expansion

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Going further with Pumped Hydro Storage
Large-scale renewable energy source with unique Huge untapped potential
benefits to allow energy transition

Unprecedented storage scale

100x storage capacity vs. battery solutions
Sustainable
40-80 years lifetime GWh of storage

Limited environmental footprint:

closed-loop configuration, use of existing mines as reservoirs

Dispatchable renewable energy Source: Australian National University Study

Match consumption and demand, integrate variable Renewables
600 000+ sites identified globally, equivalent to
Highly flexible and reactive power solution 23M GWh of storage capacity
up to 400 MW in less than 70 seconds Storage needs (GWh) to PHS Storage potential
support 100% renewables (GWh)
Australia 500 150 000
Grid support capabilities X 300
• Balancing
USA 7000 1 400 000
• Stability services X 200
Source: Australian National University Study
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Pumped Storage… need to develop a new business model
Ancillary services
Some ancillary services are delivered to the Grid to
ensure balancing and stability but NOT (or rarely)
compensated

80% cycle efficiency

Balancing

Fast frequency response

Additional revenue streams are necessary for PSP financial viability

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Pumped Storage
• Customer Demand: PSP capacity is
expected to increase by more than 50% by
the end of the decade – from 170 GW to
more than 250 GW by 2030. Main locations
are China, India, Europe, Australia, South
East Asia; and the US in the medium term.

• Pumped storage represents more than

95% of all energy storage today
• 25% of the World’s pumped storage
plants equipped with GE’s technologies
• GE is currently developing more than
4,000 MW of projects around the world

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Driving Hydro Storage in Asia

Kundah, India
Collaboration with EGAT, Thailand Dungowan, Australia

JinZhai, China Samrangjin, South Korea Tehri, India

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Hydro needs to remain on top of Regulators’ agendas

Simplify licensing/permitting process to reduce lead time and

development costs
1. Give stable investment signals with long-term remuneration visibility
2. Better recognize and reward services provided to the Grid
3. Valorize multi-purpose water use (irrigation, flood control, drought)

To ensure a smooth energy transition, Hydro business model must evolve

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 UNLEASHING LIMITLESS ENERGY
Nobody should ever have to choose between
affordable, reliable, and sustainable energy.

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