Oct 15, 2018

Proposed $260mn Yorkshire Energy Park could create 4,500 jobs

Utilities
Olivia Minnock
1 min
The proposed Hull energy facility will include training facilities.
Next month, planning councillors in Yorkshire, UK, will meet to decide on what is set to be one of the largest energy-related devel...

Next month, planning councillors in Yorkshire, UK, will meet to decide on what is set to be one of the largest energy-related developments in the region.

Yorkshire Energy Park is set to include an energy centre and linked substation, data storage centre, business units, education and training facilities, research facilities and a materials testing centre.

According to HullLive, which has come out in support of the project, the centre is set to create around 4,480 new jobs. The project is also reported to have an 80% local labour ambition.

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The project’s website claims Hull is “an ideal location for businesses looking for power and data resilience, links to research and development, reinforced by an exceptionally strong transport infrastructure and access to a skilled workforce”.

Big players including E.ON, Asanti Datacentres, L&G Investment Management, SSE Utilities, Vodafone and BYD have all come out in support of the plans.

 The consortium of companies leading the project has been confirmed as Sewell Investments Ltd, MS3 Networks and Chiltern Group.

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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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