Old coal mine being revamped into $1.3B hydropower facility

(The Center Square) – Bell County in Kentucky is getting a $1.3 billion “clean energy” hydropower facility along the Cumberland River.

Officials led by Gov. Andy Beshear said Thursday it is the largest economic development in eastern Kentucky. They say it will create more than 1,500 jobs over the next decade during construction; once complete, the plant will employ about 30 full-time workers.

Rye Development proposes to build a pumped storage project on a former coal mine site next to the river. While such plants are common across the country and store electricity for when it’s needed, Rye CEO Paul Jacob said the project marks the first time such a plant would be built at a former coal mine.

Once complete, which should take between seven to 10 years, it will be able to provide up to eight hours of power to supplement existing supplies during times of peak usage, such as during or after extreme weather events.

“This project is not only a significant investment in Kentucky; it’s an investment in strengthening our national electricity grid, helping to secure our energy future,” Jacob said. “The Lewis Ridge Pumped Storage Project will protect against blackouts and brownouts while transforming a former mining site into a long-term economic engine for the region.”

- Advertisement -

The U.S. Department of Energy said a grant of up to $81 million will help with construction. The funding comes from the $1.2 trillion Infrastructure Investment and Jobs Act of 2021. The project has the backing of Kentucky politicians on the federal, state and local levels, labor unioins and the region’s innovation hub.

“It will impact Knox County, Harlan County, Clay County, Whitley County, a lot of counties in and around the area,” Senate President Robert Stivers, R-Manchester, said during Beshear’s weekly press briefing. “It is a regional transformational project.”

Beshear said the state’s community and technical college system will work together to create job training and apprenticeship programs to prepare area residents for construction positions.

Jacob said he expects the facility to be viable for up to 100 years.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

National poll has mirrors on North Carolina statewide polls

(The Center Square) – Results in a national poll...

NY politicos praise Israel-Hamas ceasefire

(The Center Square) — New York's top political leaders...

Illinois’ ‘F’ grade leaves taxpayers on the hook for billions, watchdog says

(The Center Square) – Budget gimmicks, pension debt and...

Program, policies free 2.5M North Carolinians from $6.5B in medical debt

(The Center Square) – Updated policies by hospitals and...

PJM exit: A price solution or power move?

(The Center Square) – Surging electricity demand, an aging...

Maine group calls for easing rules on charter schools

(The Center Square) — Maine's charter schools cost less...

Nessel joins Democrat AGs calling on Supreme Court to safeguard voting

(The Center Square) – Michigan Attorney General Dana Nessel...

More like this
Related

National poll has mirrors on North Carolina statewide polls

(The Center Square) – Results in a national poll...

NY politicos praise Israel-Hamas ceasefire

(The Center Square) — New York's top political leaders...

Illinois’ ‘F’ grade leaves taxpayers on the hook for billions, watchdog says

(The Center Square) – Budget gimmicks, pension debt and...

Program, policies free 2.5M North Carolinians from $6.5B in medical debt

(The Center Square) – Updated policies by hospitals and...