Qatar Solar Energy Signs Deal with Kazakhstan's Kazatomprom
Qatar Solar Energy signed a deal with Kazakhstan-based energy company Kazatomprom to boost Qatar’s renewable energy production. Kazatomprom will provide Qatar with solar grade silicon at a very low fixed cost for the next ten years.
With demand for polysilicon expected to increase over the next few years, Qatar has potentially positioned itself to be a leader in solar for the Middle East and North Africa (MENA) region.
The agreement was signed by Salim Abbassi, CEO of QSE, and Mr. Azat Betekbaev, Chairman of Kazatomprom's solar division. The deal will also contribute to accelerating QSE's solar power purchase agreements (PPA) in Kazakhstan.
During a televised press conference, Abbassi discusses the benefits this deal will bring QSE.
"This partnership allows QSE to secure the entire value chain from raw material to smart-grid development and provides a powerful foundation from which QSE will further expand its production capacity to 2.5 GW,” Abbassi said.
He went on to discuss the deal furthers Qatar’s regional commitments.
"The steady supply of quality raw material is crucial to Qatar Solar Energy's mission to deliver on the promise of low cost and affordable renewable energy for populations across the world. Solar grade silicon from Kazatomprom will be used in the manufacture of QSE's innovative products that are designed to perform in the most demanding environments present across the planet. By lowering costs and increasing efficiency, QSE is accelerating the democratization of renewable energy worldwide," Abbassi said. "QSE is achieving this by combining research, development and manufacturing under one roof to form a fully integrated value chain. QSE, when it reaches capacity of 2.5 GW, will make Qatar one of the largest producers of solar power in the world, contrasted with the total combined capacity of production in Europe and the US which currently stands at 3.4 GW."
The partnership goes beyond just supplying, though. The two companies will share knowledge and help each other innovate. The first engineer delegates from Kazatomprom will head to Qatar to kick off the sharing of knowledge.
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.