Japan to move back to nuclear, reducing LNG demand
Japan is set to once more reduce its reliance on LNG and increase use of nuclear power, according to reports cited by Reuters.
The country is restarting more nuclear reactors this year, with Kansai Electric and Kyushu Eelectric both having put their nuclear operations back into action recently.
Kansai Electric Power is set to restart its 870MW No. 4 reactor at its Takahama station later this week, Reuters reports, stating that Kyushu Electric Power has already restarted its No.2 reactor at its Sendai plant.
The No. 2 reactor has a capacity of 890MW and brings the total number of active reactors owned by Kyushu up to four.
Since the Fukushima disaster in March 2011, Japan became less reliant on nuclear power, and as such the country is currently the largest buyer of liquefied natural gas (LNG). Prior to Fukushima, the country got approximately 1/3 of its power from nuclear resources.
A spokesperson from Kansai stated that the three units it currently has working will save a total of $1.5bn in annual fuel costs.
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.