Jordan International Energy Summit to highlight challenges and solutions
The Jordanian Prime Minister, Dr. Abdullah Ensour, will open the second Jordan International Energy Summit (JIES), taking place on 16-17 May 2016 at the Four Seasons Hotel, Amman, Jordan.
The Prime Minister is set to lead the conference programme, which will combine insights into the role that Jordan plays as a primary energy hub in the Middle East with an overview of the key issues facing the Kingdom’s energy sector.
JIES will cover investment challenges, solutions and opportunities in various energy sectors, among them: renewable energy, nuclear, oil, shale, electricity and exploration. There will also be updates on the new oil pipeline project connecting Iraq to Egypt via Jordan.
Speakers at the summit include Husam Beides, Program Leader for Sustainable Development at the World Bank; Seth Kleinman, Managing Director and Global Head of Energy Strategy at Citi; Greg Kaser, Senior Project Manager at the World Nuclear Association and Dr. Heike Harmgart Head of Office – Jordan at the European Bank for Reconstruction and Development.
Read the April 2016 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.