Lake Onslow option
Pumped hydro at Lake Onslow is one option that will be explored.
Facts and figures for Lake Onslow project
The Lake Onslow option referenced by the Interim Climate Change Committee could be anticipated to provide at least 5000GWh of annual generation/storage. It is estimated to have a construction timeframe of 4-5 years, with commissioning and filling taking a further 2 years. At its construction peak, it is expected to create 3,500-4,500 skilled and semi-skilled jobs.
What services can a pumped storage project like Lake Onslow provide?
- Fast response reserve—for system stability in the electricity market
- Intermittency back up—for system security--allows more intermittent wind and solar to be developed once existing hydro flexibility is committed under minimum flows on existing water consents
- Dry year storage—5000-7000GWh for Lake Onslow alone.
What is the estimated cost of a project like Lake Onslow?
Early estimates of a project like Lake Onslow are that it would cost about $4 billion. A feasibility study will provide greater certainty about the costs.
How would it be funded?
Funding and financing models along with any potential subsequent levies will be determined through the feasibility study. The use of a levy would need to be justified via a demonstration of significant public good in a feasibility study, including through overall lower prices for consumers in the long term.
Where is the Lake Onslow option located?
The Lake Onslow option is located north east of the Clutha River in Central Otago.
The diagram is one example of its potential layout from a prior academic desktop study, but is not the only possible option.
The NZ Battery Project will consider pumped hydro projects at a range of different locations, in addition to alternative technologies if they are identified through the process.