Apr 18, 2016

Siemens and Indonesia sign energy cooperation agreements

Germany
Admin
2 min
In tandem with Indonesian President Joko Widodo’s visit to Germany, Siemens has signed two Mem...

In tandem with Indonesian President Joko Widodo’s visit to Germany, Siemens has signed two Memorandums of Understanding (MoUs) with the state power company Perusahaan Listrik Negara (PLN). The development of 500 megawatts of distributed power generation capacities and the development of the Indonesian transmission and distribution grid were agreed upon.

Siemens selected as supplier for Lordstown Energy Center

Indonesian GDP is growing at a rate of five to seven percent per year. Against this background the government has developed a wide-ranging infrastructure program; the country plans to expand its power generation capacities by 35 gigawatts (GW) by 2019. Furthermore, it also comprises an expansion of the power transmission and distribution grid to secure power supply in urban areas and improve electricity access for other regions.

“Siemens is ready to support Indonesia’s ambitious energy infrastructure program. With our broad portfolio and expertise we can help to develop a sustainable, affordable and modern power system,” said Roland Busch, Member of the Siemens Board. “Furthermore we can provide support with our expertise for project financing and we are ready to expand our manufacturing capabilities in the country,” Busch added.

 

Siemens has been actively engaged in supporting Indonesia’s infrastructure with innovative technologies since 1855. Several projects like the Jawa Power’s paiton II Plant in East Java or the Simangkuk project at the Sumatera grid support Indonesia’s energy supply. With approximately 1500 employees Siemens Indonesia generated sales of €263 million in 2015.

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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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