- In January 2023, The Greenko Group unveiled a substantial investment of USD 1.2 billion for a pumped storage project in the Neemuch district of Madhya Pradesh, India. With a daily storage capacity of 11 GWh, the project aims to enhance energy storage capabilities and will be connected to the interstate transmission system network. The project is slated for completion by December 2024, strengthening India's renewable energy infrastructure
- In June 2022, Andhra Pradesh's State Investment Promotion Board (SIPB) approved Adani Green Energy’s ambitious plan for four hydro-pumped storage projects with a total capacity of 3,700 MW. The projects, requiring a USD 2 billion investment, include a 1,200-MW plant at Kurukutti, a 1,000-MW plant at Karrivalasa, another 1,000-MW facility at Gandikota, and a 500-MW plant at Chitravathi, further boosting India’s green energy efforts
- In April 2022, China launched the world’s largest pumped hydro storage facility in Hebei Province, boasting a capacity of 3.6 GW. This milestone project is designed to play a key role in balancing renewable energy sources with grid demand, providing China with enhanced grid stability and supporting the country’s transition to cleaner, sustainable energy solutions. It sets a new benchmark in global energy storage capacity
- In May 2022, General Electric (GE) announced a strategic partnership with THDC India and Megha Power to develop a 1.5 GW combined pumped hydropower storage capacity in India. This project will significantly boost the country’s renewable energy storage capacity, helping stabilize power supply and improve energy resilience. The collaboration marks a major step toward advancing India's clean energy infrastructure
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Pelton and Francis), Distribution Channel (Online and Offline) - Industry Trends and Forecast to 2032
.
The Global Pumped Hydroelectric Storage Turbines Market size was valued at USD 366.01 USD Billion in 2024.
The Global Pumped Hydroelectric Storage Turbines Market is projected to grow at a CAGR of 5.1% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
