May 17, 2020

The May Edition of Energy Digital is now live!

Admin
2 min
This month: Shell's Clean Energy Vision
The May Edition of Energy Digital is now live! Read the May Edition of Energy Digital here Say hello to a clean energy future as we report on some ver...

 

The May Edition of Energy Digital is now live!

Read the May Edition of Energy Digital here

Say hello to a clean energy future as we report on some very significant projects developing around the world in this month's issue:

Oil and Gas: Shell Takes the Lead on Natural Gas, Welcomes the Future of Clean Energy

Oil giant Royal Dutch Shell takes the lead in natural gas, a move the company says will be the most significant in reducing CO2 emissions and serve as a complement to renewable energy. Thanks to the US shale boom, energy independence is closer than ever.

Renewable Energy: Revolutionary Wind Turbine Platform Premiers in Massive Wind Farm Project

Meanwhile, Australia brings its massive 420 MW Macarthur Wind Farm project online, making it the largest wind farm in the Southern Hemisphere. The country's biggest utility companies join forces with a wind turbine manufacturer that has managed to develop a technology that can tap even low to medium wind speeds—a huge win for Australia and the future of the wind industry as a whole.

Mining: Earthquakes Prove to Produce "Economic-Grade" Gold Deposits

Apparently, there's a silver lining in the occurrence of earthquakes—and it comes in the form of gold. Australian scientists recently confirmed the link between the formation of gold deposits as a result of earth's naturally occurring 20,000 annual earthquakes.

Green Tech: Nest Partners with Utilities, Aims for Peak Energy Efficiency Across the US

Nest Labs reveals the new and improved Nest v3.5, while at the same time making its energy-saving features available across the nation with the help of a few strategic partnerships in the US utility market. Saving energy is a beautiful thing—just look at these iPod-generation thermostats!

Top Ten: Oil Reserves in the World

Which countries actually have the largest reserves?

The May issue is also packed with great content and in-depth interviews with some of the world's leading companies and key players, plus much more.

Enjoy!

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

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.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

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. 

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