CRA awarded nuclear safety R&D grant
Corporate Risk Associates – or CRA – has been awarded a £70,000 R&D grant allowing it to make a significant contribution towards improving the safety and operations of civil nuclear power plants.
This grant, plus some additional internal funding, will allow CRA to conduct a comprehensive research project that will significantly enhance the industry’s understanding of potential system failures in nuclear power plants, aiding both plant safety and the uninterrupted supply of electricity.
Innovate UK awarded the honour to CRA, which is an innovation agency that works with people, companies, and partner organisations to find and drive the science and technology innovations that will grow the UK economy.
CRA boasts a team of 40 technical consultants, and prides itself on managing safety, reliability, and risk across the nuclear, rail, defence, and process industries. The company has recently been awarded work with some major organisations, including the Office of Nuclear Regulation, EDF Energy, and Babcock International.
Jasbir Sidhu, CEO and Founder of CRA, said of the Innovate UK award: “We are delighted to have been awarded this grant which will see CRA develop a process to generate realistic reliability estimates of SMART Control and Instrumental (SC&I) to increase the safety within nuclear power plants.
“It is great that we have received this grant from Innovate UK in recognition of the significant impact this project will have on the nuclear, process, transportation, and other high hazard industries where safety is, of course, of paramount importance. Looking ahead this research will have a major impact on the understanding of risks from emerging and growing fields e.g. Data Centres.”
Read the January 2017 issue of Energy Digital magazine
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.