Green Energy Storage: Kwantis Performs a Quantitative Risk Analysis for an Innovative Hydro Pumping Project

Kwantis is supporting a major energy company on its Project Risk Management (PRM) process based on ISO 31000:2009 guidelines. This enterprise entails both a qualitative and quantitative risk assessment for a large hydro-pumping system which achieves the storage of hydroelectric power through a highly-flexible pumping model.

The focus is on identifying, evaluating, and monitoring potential risks and opportunities, ensuring that the PRM process is at the core of both the strategic planning as well as the day-to-day operations.

The overall methodology results in improved product quality, increased customer satisfaction and overall sustainability of the project.