InEight wins five-year software transformation contract
InEight has won a five-year contract with Sydney Water involving the Partnering for Success (P4S) project controls platform.
The deal, which includes an optional five-year extension, was agreed with subsidiary InEight Pty Ltd.
The P4S integrated project controls system based on the InEight platform will be "instrumental in reducing costs, increasing confidence, and driving transparency and collaboration with the Regional Delivery Consortia (RDC)," said Mark Simister, Head of Program Delivery, Sydney Water.
Under the new model, Sydney Water entered a 10-year partnership with the RDCs to deliver end-to-end design, construction, maintenance and facilities management services.
Over the next decade, Sydney Water will invest at least $4 billion, supporting more than 400 jobs which is expected to grow to 1,200 in future.
The regional-based model will help deliver further efficiencies, improve network resilience and deliver the services to meet the needs of Sydney Water’s customers for future generations.
Sydney Water supplies 1.5 billion litres of water daily to more than five million people who live and work in Greater Sydney and Illawarra.
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.