July 23, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The last time a new pumped-storage hydroelectric project began operating in the U.S., Bill Clinton was nearing the end of his first term as president. Martin Scorsese's "Casino" was playing to packed movie theaters. Gasoline cost an average of $1.21 a gallon and a McDonald's hamburger was yours for about $1. Industrial Info Resources is tracking 84 proposed PSH projects in the U.S. worth about $180.35 billion in aggregate. Although a few projects have been announced recently, many of these active projects have been delayed for years.
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