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

15 fév 2025
Sigenergy, a leading energy innovator, hosted an exclusive event on February 14 in Johannesburg to highlight its groundbreaking commercial and industrial (C&I) energy storage solutions. The event featured a real-world case study that showcased the...

14 fév 2025
Report on how AI is redefining market landscape - The global renewable energy market size is estimated to grow by USD 708.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.15% during the forecast...

14 fév 2025
Report with market evolution powered by AI - The global renewable energy investment market size is estimated to grow by USD 181.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.11% during the forecast...

14 fév 2025
Enbridge Inc. (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 11 (Series 11 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 12 (Series 12 Shares) on March 1,...

14 fév 2025
HOUSTON, TX / ACCESS Newswire / February 14, 2025 / CEC Energy Services, a trusted leader in electrical and systems control solutions with over 65 years of industry expertise, announces the successful divestiture of its Asset Integrity business to...

14 fév 2025
Aslan Energy Capital (Aslan) has signed a Memorandum of Understanding (MOU) to supply 100,000 tonnes per annum (TPA) of sustainable hydrogen from its green hydrogen project development in Sonora, Mexico, to California-based CalYan XGH Inc. This...



News published on and distributed by: