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Hydrostor, EDF Score £1Mn for UK CAES Project (Ind. Report)
Hydrostor, EDF Energy, UK Department for Business, Energy & Industrial Strategy
Date: 2022-02-25
Ontario--headquartered compressed air energy storage (CAES) specialist Hydrostor Inc. reports it, in collaboration with EDF Energy, has been awarded £1 million from the UK Department for Business, Energy & Industrial Strategy (BEIS) to develop storage of electricity as compressed air using moth-balled EDF gas cavities in Cheshire, United Kingdom.

The Consortium has until January 2023 to develop the design and commercial aspects of the 5-MW plant -- sufficient power for 8,000 homes -- with a view to scaling up to 100-MW or more at a future date. (Source: Hydrostor Inc., Website PR, Contact: EDF Energy, Rachael Glaving, Commercial Director, www.edfenergy.com; Hydrostor, Will Bartlett, (416) 548-7880, william.bartlett@hydrostor.ca; UK Department for Business, Energy & Industrial Strategy

More Low-Carbon Energy News UK Department for Business,  Energy & Industrial Strategy ,  Compressed Air Energy Storage,  Hydrostor,  


24GW Long Duration Storage Needed to Integrate Wind Power Into UK Grid (Int'l.)
Wind, Energy Storage
Date: 2022-02-18
In the UK, according to a new report from Oxford-headquartered Aurora Energy Research , up to 24GW of Long Duration Electricity Storage (LDES) -- equivalent to eight times the current installed capacity -- could be needed to integrate wind power into a secure Net Zero electricity system in the UK.

LDES include pumped hydro storage, Liquid Air Energy Storage (LAES), Flow batteries and Compressed Air Energy Storage (CAES). The need for LDES has been recognised by policymakers but at present, high upfront costs, long lead times, a lack of revenue certainty and missing market signals, lead to under investment, according to the report. (Source: Aurora Energy Research, WindTech 17 Feb., 2022) Contact: Aurora Energy Research, +44 1865 952700, www.auroraer.com

More Low-Carbon Energy News Wind,  Energy Storage,  


Goldman Sachs Invests in Canadian CAES Specialist (Ind. Report)
Hydrostor
Date: 2022-01-12
New York-headquartered banking giant Goldman Sachs is $250 million in Toronto-based underground compressed air energy storage (CAES) startup Hydrostor. Hydrostor is expected to use the new funds for development, staff expansion and marketing in Europe and the U.S.

As previously reported, Hydrostor's long-duration energy storage system is environmentally low-impact, cost-effective and can store energy for up to 6+ hours. In 2020, Hydrostor's 200 MW A-CAES system was selected by Australia's New South Wales Transmission Network Service Provider, Transgrid, as the preferred option in its Regulatory Investment Test for Transmission (RIT-T) for reliable and secure energy supply. (Source: Goldman Sachs, Hydrostor, PR, 19 Jan., 2022) Contact: Hydrostor, Curtis VanWalleghem, CEO, (416) 548-7880, www.hydrostor.ca

More Low-Carbon Energy News Hydrostor,  Energy Storage,  Goldman Sachs,  


Hydrostor Proposes Calif. Energy Storage Project (Ind. Report)
Hydrostor
Date: 2021-11-24
In the Golden State, Toronto-headquartered energy storage specialist Hydrostor reports submission of an application with the California Energy Commission (CEC) to develop a 400-megawatt energy storage facility between Morro Bay and San Luis Obispo. If approved and constructed, the proposed Pecho Energy Storage Center would provide large-scale, long-duration energy storage for the region would interconnect at the existing PG&E Morro Bay Switching Station.

Hydrostor anticipates the planned 400-MW facility could come in at roughly $800 million and open as early as 2026 as one of California's largest energy storage facilities.

In June , this year, the California PUC called for 1,000 MW of long-duration energy storage that would become operational between 2026 and 2028. (Source: Hydrostor, Website, PR, CalCoast Tines, 23 Nov., 2021) Contact: Hydrostor, Curtis VanWalleghem, CEO, (416) 548-7880, www.hydrostor.ca

More Low-Carbon Energy News Hydrostor ,  Energy Storage,  A-CAES,  


Hydrostor Touts 200-MW Aussie A-CAES Project (Int'l. Report)
Hydrostor
Date: 2021-06-09
Tornont, Ontario-headquartered long duration energy storage specialist Hydrostor is reporting the latest results from a third-party economic impact study for its 200 MW Advanced Compressed Air Energy Storage (A-CAES) project being developed in Broken Hill, New South Wales (NSW).

The report notes the total investment is expected to be up to $560 million and the majority of construction expenditures will be local and, during the 50+ year project life, approximately 53 pct of all operations expenditures -- roughly $460 million -- will be purchased in the Broken Hill region.

Hydrostor's long-duration energy storage system is environmentally low-impact, cost-effective and can store energy for up to 6+ hours. In 2020, Hydrostor's 200 MW and 8 hours (or 1600 MWh) A-CAES system was selected by New South Wales (NSW) Transmission Network Service Provider, Transgrid, as the preferred option in its Regulatory Investment Test for Transmission (RIT-T) for reliable and secure supply for Broken Hill. Hydrostor and Energy Estate are developing this project which has received grant funding from the NSW Government's Emerging Energy Program , according to the release. (Source: Hydrostor, PR Website, 7 June, 2021) Contact: Hydrostor, Curtis VanWalleghem, CEO, www.hydrostor.ca/brokenhill-a-caes-project, www.hydrostor.ca

More Low-Carbon Energy News Hydrostor ,  Energy Storage,  A-CAES,  


Hydrostor Advancing Calif. Energy Storage Projects (Ind. Report)
Hydrostor
Date: 2021-04-30
Hydrostor reports work is well underway on its two major Compressed Air Energy Storage (CAES) projects in California -- one in southern Kern County and one in Central California -- representing a combined investment of over $1.5 billion and supporting the Golden State's transition to a carbon-free and renewable energy grid.

Hydrostor's patented and commercially proven A-CAES technology provides 8-12+ hours of energy storage, versus the 1-4 hours that current battery technologies can feasibly provide. This long duration energy storage is essential for establishing the pathway to California's decarbonized electricity grid. A CAES also has a longer lifespan, of more than 50 years, with zero degradation and a lower environmental impact than conventional alternatives available today, according to the company. Hydrostor is advancing a pipeline of large-scale A-CAES facilities that represent over 2,000 MW and 20,000 MWh of near-term project deployment potential in the USA, Canada, Chile and Australia. (Source: hydrostor, PR, 29 Apr., 2021) Contact: Hydrostor, Curtis VanWalleghem, CEO , Curt Hildebrand, curt.hildebrand@hydrostor.ca. www.hydrostor.ca/technology

More Low-Carbon Energy News CAES news,  Energy Storage news,  Hydrostor news,  


Hydrostor Scores Compressed Air Energy Storage Funding (Funding)
Hydrostor
Date: 2021-04-19
Toronto-headquartered Hydrostor, a long duration energy storage solution provider, is reporting receipt of approximately $4 million funding from Natural Resources Canada's Energy Innovation Program and Sustainable Development Technology Canada to develop a 300-500 MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete engineering and planning for the project which will be modeled on Hydrostor's successful commercially operating Goderich, Ontario storage facility, providing up to 12 hours of long duration energy storage. (Source: Hydrostor, Website PR, 15 Apr, 2021) Contact: Hydrostor, (416) 548-7880, www.hydrostor.ca

More Low-Carbon Energy News Hydrostor news,  Energy Storage news,  Compressed Air Energy Storage news,  


Hydrostor, NRStor Complete Goderich A-CAES Facility (Ind. Report)
Hydrostor,NRStor
Date: 2019-12-11
Toronto-based Hydrostor, a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in partnership with energy storage project developer NRStor, also of Toronto, has announced completion of the Goderich A-CAES compressed-air energy storage facility in Goderich, Ontario.

The first-of-its-kind utility-scale Goderich A-CAES Facility is commercially contracted to Ontario's Independent Electricity System Operator (IESO) for peaking capacity and ancillary services to support grid reliability.

The project, was supported by Export Development Canada (EDC), Sustainable Development Technology Canada (SDTC) and the Government of Ontario through the Ontario Centres of Excellence (OCE). (Source: Hydrostor, Elec. Bus., 9 Dec., 2019) Contact: Hydrostor, Curtis Vanwallegham, CEO, (416) 548-7880, info@hydrostor.ca, www.hydrostor.ca: NRStor, Peter Gregg, President, (647) 281-7200, www.nrstor.com

More Low-Carbon Energy News Hydrostor,  Compressed Air Energy STorage,  Energy Storage,  NRStor,  


Statement from a Coalition of Free-Market State Think Tanks on Trump Administration Affordable Clean Energy Rule (Opinions, Editorials & Asides)
Affordable Clean Energy Plan
Date: 2019-06-28
Editor's Note: This publication, its editors and administration neither agrees or disagrees with the views presented in the following statement from the McIver Institute

"The Trump administration's finalized Affordable Clean Energy (ACE) rule is a major victory for America's middle class, many of whom work in energy intensive industries like manufacturing and mining. It also represents a boon to America's least fortunate for whom energy costs represent a significant part of their budget. All Americans would have been harmed by the Obama administration's legally flawed Clean Power Plan. It would have dramatically increased the cost of electricity and was predicted to reduce global warming by only 0.018 degrees Celsius by 2100, an amount far too small to be measured.

"After Congress rejected proposed cap-and-trade legislation, the Obama administration crafted the Clean Power Plan to force states into regional cap-and-trade plans. President Trump's plan disallows such plans for compliance and focuses, instead, on improving the efficiencies of individual plants.

"The Clean Power Plan claimed to seek a 32 pct reduction in CO2 emissions from 2005 levels by 2030, at an estimated compliance cost of $9 billion. The US Chamber of Commerce estimated a more realistic $75 billion in compliance costs. The Rule was met with bipartisan opposition by 27 states who won a Supreme Court stay of the Rule in 2016.

"The Clean Power Plan was also completely unnecessary. Thanks to the Trump administration's commonsense approach, emissions have fallen by 28 pct since 2017 and are forecast to be reduced 35 pct by 2030. At a compliance cost of $0.3 billion for the ACE rule, these gains were at 250 times less cost than the previous administration's alternative." -- The MacIver Institute

The MacIver Institute is joined by the Caesar Rodney Institute, the Center of the American Experiment, the Commonwealth Foundation, the Independence Institute, John Locke Foundation, the Mackinac Center for Public Policy, the Mississippi Center for Public Policy, the Rhode Island Center for Freedom & Prosperity, the Rio Grande Foundation, and the Roughrider Policy Center in supporting the ACE. (Source: MacIver Institute, June, 2019) Contact: The John K. MacIver Institute for Public Policy Brett Healy, President 608.588.6477, bhealy@maciverinstitute.com, www.maciverinstitute.com

More Low-Carbon Energy News Obama Clean Power Plan,  Trump,  Affordable Clean Energy,  

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