European Utility Week to commence in Amsterdam 3-5 October
The 2017 edition of European Utility Week is set to take place in Amsterdam this week, an event that will see industry leaders and innovators in attendance to discuss key industry topics, with this year’s focus being on the strategic themes causing shifts in the utility sector.
The event will feature over 400 expert speakers on a whole range of topics, with opening speakers including Cedrik Neike, a member of the Managing Board at Siemens AG, presenting “The 3D Model of Energy: Decarbonisation Through Decentralisation and Digitalisation”.
"The global electricity system stands at a critical juncture in the midst of transition,” said Benjamin Sovacool, Professor of Energy Policy, University of Sussex and Professor of Business and Social Sciences, Aarhus University, who will be conducting a talk on consumer choice and energy.
“Whether consumers become empowered to expedite this transition, or resist it, remains an open-ended question. I am excited to take part in the opening keynote of EUW17 to help explore industry perspectives on both transitions and the topic of consumers and prosumers.”
Over 450 international utilities firms have confirmed their attendance, including the sponsors of Siemens, Accenture, Huawei, Oracle and Schneider Electric, each of which will have their own exhibit at the event.
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.