Published by Todd Bush on November 8, 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."
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 🌎 Chevron Doubles Down on Carbon Capture with Massive Bayou Bend Hub 🌱 Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality 🏭 MATHESON to Build Ne...
Inside This Issue 🌎 History Made: Deep Sky Alpha Begins Operations with North America's First CO2 Storage via Direct Air Capture 🏅 Neste Achieved Platinum Medal in EcoVadis Sustainability Assessme...
Inside This Issue 🌱 Why Gevo's Live BECCS Project Changes Everything 🛢️ Alternative Carbon Carrier Technology Could Improve Both Oil Production and Carbon Storage 🌊 Hyundai Engineering & Const...
MATHESON to Build New Air Separation Plant in Las Vegas, Nevada, USA
BOULDER, Colo.--(BUSINESS WIRE)--Today, ION Clean Energy (ION), a leading provider of innovative post-combustion carbon capture solutions, announced a new offering called ICE Blocks™. These standar...
Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality
A pioneering waste management solution could soon transform how one Manitoba community handles organic waste. This week, Carbon Lock Tech, an innovative local startup, presented an ambitious propos...
What US Clean Energy Tax Credit Types Are Available in 2025?
In 2022, the Inflation Reduction Act (IRA) paved the way to grow clean energy investments in the US by extending and adding new types of tax credits. Its largest innovation, transferability, allow...
Marine Carbon Dioxide Removal Coalition Launches, Creates Forum to Responsibly Grow the Field
The coalition unites marine carbon removal companies, nonprofits, and academics to advance research and the responsible development of the sector WASHINGTON, Aug. 21, 2025 /PRNewswire/ -- The Mari...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.