Le Lézard
Classified in: Oil industry, Environment, Business
Subjects: CON, JVN

Corre Energy launches global collaboration with Siemens Energy for multiday Compressed Air Energy Storage (CAES) that will support projects in North America

NEW YORK, Nov. 6, 2023 /PRNewswire/ -- Corre Energy, a leader in the design, development and commercialisation of long duration energy storage (LDES), and Siemens Energy, have launched a global collaboration for the deployment of multiday CAES. This agreement facilitates and accelerates Corre Energy's international roll-out of integrated CAES and renewable energy infrastructure projects that support the global energy transition. Corre Energy is already active in North America and plans to use Siemens Energy's CAES technology for a 280-megawatt CAES project in West Texas.

This agreement deepens an already strong partnership between the companies and allows Corre Energy to proceed towards financial close of its international pipeline of projects. It also responds to rising demand from offtakers such as renewable energy producers, offshore wind developers and large industrial users of power. These organizations are attracted by the ability of Corre Energy's CAES projects to provide a steady, large-scale supply of green electricity at a fraction of the cost batteries.

Chet Lyons, president of Corre Energy US Development Company LLC, said: "Our partnership with Siemens Energy allows us to accelerate the deployment of our CAES solution in North America. 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. In addition to our flagship 280-megawatt project in West Texas, we plan to develop multiple CAES projects in North America in support of Corre Energy's global expansion."

ABOUT CORRE ENERGY: Corre Energy designs, develops, constructs, and operates utility-scale Long Duration Energy Storage (LDES) projects in Europe and North America. Through our project development activities, Corre Energy is working to accelerate the energy transition to net zero, while enhancing the security and flexibility of large-scale energy systems.

For further information please visit https://corre.energy/

Photo - https://mma.prnewswire.com/media/2267425/Corre_Energy.jpg

SOURCE Corre Energy

These press releases may also interest you

at 03:01
ComplyAdvantage, a leader in financial crime intelligence, today announced its acquisition of Golden (Golden Recursion Inc). Golden is a San Francisco-based innovator automating the construction of one of the world's largest knowledge...

at 03:00
GameChange Solar, a leading global supplier of solar tracking solutions for ground-mounted PV plants, has been selected to supply its Genius Trackertm solar trackers for four new solar projects totalling over 500 megawatts (MW) in Southern Africa....

at 03:00
Handshake Speakeasy, Mexico City, is crowned No.1 and The Best Bar in Mexico, sponsored by Perrier This year's list features 26 U.S. bars, 15 from Mexico, 7 hailing from Canada, and 2 based in the CaribbeanCivil Liberties, Toronto, at No.21, is named...

at 03:00
Clarivate Plc , a leading global provider of transformative intelligence, today announces it has signed the United Nations Sustainable Development Goals (UN SDGs) Publishers Compact. Signatories of the compact pledge to develop sustainable practices...

at 03:00

at 03:00
Viewpoint, the esteemed educational program hosted by renowned actor Dennis Quaid, is excited to announce a strategic partnership with Compass Charter Schools for an upcoming episode dedicated to exploring scholar-centric educational modalities and...

News published on and distributed by: