Some $260 million in public money has been spent on R&D since 2000, but the technology hasn’t been commercialized or widely deployed yet.
The bill signed into law this week provides flexibility for the state so it can evaluate each instance to ensure it would be feasible and not hinder the necessary travel of petroleum-bearing vessels on the Hudson River and on active ports, some of which have active major oil storage facilities.
"Pumped hydro has great potential to solve one of the most pressing energy issues we face – integrating intermittent renewable supply into the grid in a way that delivers reliable, affordable power," EnergyAustralia Managing Director Catherine Tanna said.
"Advanced nuclear energy projects like Vogtle are the kind of important energy infrastructure projects that support a reliable and resilient grid, promote economic growth, and strengthen our energy and national security," Energy Secretary Rick Perry said.
The state promises that its zero-emission vehicle and infrastructure investments will advance Gov. Cuomo's clean transportation and climate change goals by reducing greenhouse gas emissions.
As Hurricane Harvey and its aftermath continue on a path of destruction, oil and gas companies located in the epicenter of Texas’ refining industry have been forced to halt operations.
"Mexico is undergoing a historical moment in its energy policy and we are extremely pleased to play an active role in this process. By building Mexico's largest wind park with Vestas' turbines, we are taking a bold step in the country's transition towards renewables," said Adrián Katzew, CEO of Zuma Energía.
The two stacks became obsolete after the Muncie, Ind., university switched to a closed-loop geothermal system and shut down its coal-fired boilers in 2014.
This will modernizes the electric power grid and help to meet Gov. Cuomo's Clean Energy Standard of 50 percent renewable electricity by 2030.