Steve Burke and Jim Besha of Albany Engineering Corp. are seeking a federal permit to build an underground hydroelectric pumped storage project at an old iron mine site.

MINEVILLE, N.Y. — Some look at an abandoned, centuries-old iron mine in New York’s Adirondacks and see a relic.

An ambitious group of engineers sees the shafts in Mineville as a new way to provide a steady flow of electricity in a growing market for renewable energy.

They are pitching a plan to circulate some of the millions of gallons of groundwater that have flooded the mine shafts over the years to power an array of 100 hydroelectric turbines a half-mile underground.

They envision the operation as a solution for solar and wind power producers, who need ways to ensure an uninterrupted flow of energy when the sun isn’t shining and winds are still.

“Today, everyone’s recognizing that a critical part of our energy infrastructure is going to be storage,” said Jim Besha, head of Albany Engineering Corp., as he gave officials a tour of the mine site. “You can think of it as a bank. If someone has excess solar energy, they would pay a fee to store it overnight.”

While logistically complex, the plan is at the same time incredibly simple: Engineers would drain roughly half of the water from the shafts and pump the remainder into an upper chamber. The water would then be released into a lower chamber, powering turbines and creating electricity. The turbines would be reversed to pump the water back up to repeat the process.

Technically, the pumped water is considered stored energy, to be released strategically when power is needed.

The Mineville Pumped Storage Project still faces federal approvals and up to three years of construction, but it could become one of the first projects of its kind in the nation.

It also would mark a 21st century re-use of a mine that famously contributed iron for the first naval battle of the Revolutionary War on nearby Lake Champlain and was mined for the last time in 1971.

For the locals, the pumped storage project would breathe new life into a depressed former mining town, doubling the local tax base, generating hundreds of construction jobs and a dozen permanent ones, and providing extras like a new highway garage and water lines, said Tom Scozzafava, supervisor of the surrounding town of Moriah.

“It’s a once-in-a-lifetime opportunity for a community that has never fully recovered from the closing of the mine,” Scozzafava said. “And environmentally, it’s very clean. It’s all underground and utilizes the same water source continuously.”

Besha first envisioned his plans in 1990 after Scozzafava came to him looking for a way to make the defunct mine profitable again. The project languished until 2005 as interest in renewable energy projects grew.

“Now it looks like it could be online just when it’s needed,” Besha said, noting Democratic Gov. Andrew Cuomo’s call for 50 percent of the state’s electricity to come from renewable sources like wind and solar by 2030.

The project is basically an underground version of big outdoor projects that rely on the same principle. The New York Power Authority’s Blenheim-Gilboa Pumped Storage Project in the Catskills and the proposed Eagle Mountain project in southern California, for example, use outdoor, hilltop lakes as the upper reservoirs.