The April issue of Energy Digital is live!
Hello and welcome to the April edition of Energy Digital magazine.
With an innovative history stretching back to 1883, ABB has had a ripple effect throughout all industries. Now, the Swiss multinational is introducing an inventive solution to the utility sector.
We speak to Kevin Kosisko, BU Managing Director for ABB’s Power Generation & Water unit, to see how its new Collaborative Operations Centre is helping to deliver real-time solutions for its customers using cutting-edge technology.
Tapping into more groundbreaking technology trends, we speak to BTL’s CIO, Hugh Halford-Thompson, to see how its bringing blockchain to the forefront of the energy industry.
Elsewhere, Intel’s CEO Brian Krzanich comments on how the tech giant’s innovations are driving the autonomous revolution and how trust is the key to success.
One of the largest and most influential environmental agencies in the US, Sierra Club, is leading the way with its pioneering ‘Ready for 100’ campaign. We speak with Jodie Van Horn, Director of Ready for 100, to find out more.
Next, with a growing global demand for cleaner alternative energy sources, liquefied natural gas (LNG) has found itself highly sought after across the planet. We scour the globe to find the top 10 biggest exporters of the resource.
Finally, this edition rounds off with a look at the top industry events across the globe.
Enjoy the issue!
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.