Global warming increases the risk of power outages. Mine water pumping stations pump approximately 100 million m3 of water per year (2023). The cessation of mine water pumping would expose neighboring mines and lower lying areas to flooding. The pumping stations have some containment, but a prolonged shutdown could cause environmental problems. Remediation of the resulting damage would be costly and time-consuming. The combination of the problems of dewatering abandoned mines and storing energy in the form of hydrogen to ensure continuity of power supply to pumping stations has not been the subject of extensive scientific research. The purpose of this paper was to develop options for protecting mine water pumping stations against the “blackout” phenomenon and to assess their investment relevance. Six technically feasible options for the modernization of mine water pumping stations were designed and analyzed in the study. All pumping station modernization options include storage of the generated energy in the form of green hydrogen. For Q1 2024 conditions, the option with the partial retail sale of the produced hydrogen and the increased volume of produced water for treatment is recommended for implementation.