[co-author: Oretha A. Manu]
Hydrostor Receives Funding for Utility-Scale A-CAES Facility
On 15 April, Hydrostor announced receipt of nearly US$4 million in funding from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology to develop a 300-500 megawatt (MW) Advanced Compressed Air Energy Storage (A-CAES) facility. An A-CAES facility uses renewable energy or excess grid energy to compress air that is then funneled into underground caverns, displacing water and creating storage capacity. This process creates heat that is captured and stored to reheat the compressed air when energy demand exceeds supply.
This funding will subsidize design and engineering work at the new facility. The goal is to provide up to 12 hours of long-duration energy storage in Canada. Hydrostar is currently developing a 500 MW A-CAES facility in Southern California to provide on-demand peaking capacity for 12 hours of duration once it becomes operational in 2024.
Duke Energy and the Tennessee Valley Authority TVA announced shifts in their respective goals to become carbon neutral. In its annual sustainability report, Duke Energy discussed its plan to nearly triple the renewable energy share of its energy mix.
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HALIFAX, NS, May 6, 2021 /CNW/ - The Government of Canada is committed to developing clean technologies that drive our economy and create jobs as we recover from the COVID-19 pandemic.
Andy Fillmore, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Halifax, on behalf of the Honourable Seamus O Regan Jr., Minister of Natural Resources, today announced an $86,000 investment to Marine Renewables Canada to accelerate safe, reliable and cost-effective deployment of clean technology systems.
The investment supports Canadian experts participating in developing international standards for marine renewable energy. The standards are best practices based on industry experiences from across the world. They will reduce the cost of deploying marine renewable technology while facilitating international collaboration and trade. Informed by industry, these regulations will accelerate economic growth whil
New compressed air storage tech from Canada
Canadian compressed air storage specialist Hydrostor said that projects built with its technology have a capex range of between $175 and $250/kWh. The company secured C$4 million ($3.19 million) in funds from Natural Resources Canada s Energy Innovation Program and Sustainable Development Technology Canada to pursue the development of its global pipeline.Hydrostor, a Canadian long-duration energy storage solution provider, received C$4 million ($3.19 million) from Natural Resources Canada s Energy Innovation Program and Sustainable Development Technology Canada to pursue its development of a .
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From: Natural Resources Canada
The Honourable Seamus O’Regan Jr., Minister of Natural Resources, today announced a $500,000 investment in the development of Hydrostor Inc.’s Advanced Compressed Air Energy Storage (A-CAES) technology, a scalable and emissions-free long duration energy storage solution.
Innovation and the development of clean technologies will help drive our economy, lower emissions and create jobs. This is more important than ever as we recover from the COVID-19 pandemic.
The Honourable Seamus O’Regan Jr., Minister of Natural Resources, today announced a $500,000 investment in the development of Hydrostor Inc.’s Advanced Compressed Air Energy Storage (A-CAES) technology, a scalable and emissions-free long duration energy storage solution.