Hydropower Sector Faces Workforce Challenges and Opportunities in 2023
In 2023, hydropower represented 5.7% of US utility-scale electricity generation, with pumped storage expected to create 8,787 jobs. The industry must address knowledge loss due to retirements and new hires to maintain operational efficiency.
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Hydropower constitutes the largest source of utility-scale energy storage in the US, contributing 5.7% of electricity generation in 2023. The hydropower sector anticipates generating 8,787 new jobs in pumped storage development, exceeding conventional hydropower job additions.
However, the industry faces challenges from high retirement rates and new employee influx, risking the loss of crucial organizational knowledge. This situation can lead to financial implications and operational disruptions.
To mitigate these risks, a toolkit has been developed to promote knowledge sharing and succession planning. The toolkit consists of five steps aimed at enhancing workforce resilience and ensuring stability within hydropower organizations in a changing landscape.
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