Riverbank Power, a developer of pumped storage and run-of-river hydroelectric assets, announced today that it has entered into a joint venture agreement with enXco, an EDF Energies Nouvelles Company, to develop pumped storage facilities in North America.
"This joint venture represents a much-needed catalyst to continue renewable power development in North America and the involvement of an experienced company like enXco underscores the critical nature of grid scale storage," commented John Douglas, President and CEO of Riverbank. "enXco's view and experience of pumped storage certainly corroborates the necessity for a resurgence of this mature technology in North America if renewables are to achieve their meaningful objectives."
"enXco has spent a significant amount of time...









