Corre Energy and Siemens Energy are collaborating on the deployment of multi-day Compressed Air Energy Storage (CAES).
Corre Energy designs, develops, builds and operates utility-scale Long Duration Energy Storage (LDES) projects in Europe and North America. This collaboration agreement aims to accelerate the roll-out of the company’s CAES and renewable energy infrastructure projects.
Corre Energy is already active in North America and plans to use Siemens Energy’s CAES technology for a 280 MW CAES project in West Texas.
“Our partnership with Siemens Energy allows us to accelerate the deployment of our CAES solution in North America,” Chet Lyons, president of Corre Energy US Development Company LLC, said. “We are particularly impressed with Siemens Energy’s groundbreaking progress in demonstrating the ability of its turbines to run on hydrogen which is key to our clean energy plans.”
The U.S. Department of Energy (DOE) and several partners recently signed an MOU aimed at accelerating the commercialization of long-duration energy storage.
Long-duration energy storage is becoming increasingly important as more renewable energy sources are added to the grid. LDES systems can store and discharge a significant amount of energy, from hours to days or even weeks. Different conventional and novel technologies are being explored and developed, including compressed air energy storage, flow batteries, pumped hydro and thermal energy storage.
Goals of the MOU include the dissemination of knowledge about the technological, economic and resilience benefits afforded by long-duration energy storage, and providing access to specific DOE and national lab core competencies in energy storage and infrastructure integration for supporting research, development, demonstration and deployment purposes.
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