Absaroka Energy LLC secured equity investment for its 400 MW Gordon Butte Pumped Storage Hydro project in Montana from Copenhagen Infrastructure Partners.

Information on the Target

Absaroka Energy LLC, based in Bozeman, Montana, is the developer behind the 400 MW Gordon Butte Pumped Storage Hydro project. This innovative facility is designed as a closed-loop system and is situated near Martinsdale, Montana. Absaroka has made significant progress in the project's development, having secured the necessary site, water rights, and permits. This includes obtaining a major hydroelectric license from the Federal Energy Regulatory Commission (FERC), which outlines the regulations necessary for construction and operation.

Currently, the Gordon Butte Pumped Storage Hydro project is in the advanced stages of development, and construction is anticipated to begin in 2020. With its capacity of 400 megawatts, the project aims to provide a reliable and efficient energy solution, balancing power supply and demand, especially during peak hours.

Industry Overview in the Target's Specific Country

The renewable energy sector in the United States has seen exponential growth in recent years, particularly in the field of hydropower. As 2023 progresses, hydropower remains a critical component of the U.S. energy mix, contributing to over 37% of the country’s renewable