Article

A private consortium, led by former Meridian Energy CEO Keith Turner, has proposed the Lake Onslow pumped storage scheme in New Zealand to improve electricity security during dry years by utilizing low-cost power to pump water for later electricity generation. The consortium has applied for referral under the Fast-Track Approvals Act, with a decision expected soon, and the project promises to lower power prices and provide emission-free electricity, while also potentially benefiting local water supplies in Dunedin. Concerns regarding operational efficiency and environmental impact appear minimal, with an estimated efficiency of 70%.