Published by Todd Bush on November 7, 2023
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.
SOURCE Corre Energy
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🌍 HIF Global Signs Collaboration Agreement with Airbus for Sustainable Aviation Fuels 🔋 Exxonmobil Signs Carbon Capture Agreement With CF Industries in Mississippi 🚧 After Year...
I've been monitoring the climatetech and decarbonization startups this year, and here’s what I learned. International Energy Agency (IEA) expects global clean energy investment to hit $2 trillion ...
Inside this Issue 🌱 FuelPositive: Completes On-Farm Commissioning of the First Scalable Green Ammonia Production System and Announces New Manitoba-Based Partnerships 🌍 A New Era for Clean Energy: ...
Siemens Energy Wins Contract for Large-scale Hydrogen Project From German Utility EWE
[**Siemens Energy**](https://www.siemens-energy.com/) **has been awarded a contract to supply a 280-megawatt electrolysis system by German utility EWE. The plant in the German city of Emden is expe...
Shell to Build 100-megawatt Renewable Hydrogen Electrolyser in Germany
COLOGNE/WESSELING, GERMANY – [Shell Deutschland GmbH](https://www.shell.de) (**Shell**) has taken a Final Investment Decision (FID) to progress REFHYNE II, a 100-megawatt renewable proton-exchange ...
After Years of Controversy, Illinois State Pauses CO2 Pipeline Construction, for Now
**New safety requirements for carbon dioxide pipelines as well as a temporary ban on their construction are now in effect after Gov. JB Pritzker on Thursday signed a bill that passed the General As...
Exxonmobil Signs Carbon Capture Agreement With CF Industries in Mississippi
* We’ll remove up to 500,000 metric tons of CO2 annually from CF Industries’ site in Yazoo City. * It’s the latest sign of our leadership in CCS, a proven emissions solution. * ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.