MILL VALLEY, Calif.--(BUSINESS WIRE)--The US Department of Energy’s Office of Clean Energy Demonstrations has awarded Lewis Ridge Pumped Storage, LLC, a subsidiary of Rye Development Acquisition, LLC, $12 million (of a total project federal cost share of up to $81 million) to support the Lewis Ridge Pumped Storage project. Upon completion, Lewis Ridge will be among the first pumped storage hydropower facilities constructed in the United States in more than 30 years and the first sited on former...
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