May 17, 2020

U.S. company plans innovative LNG export

Admin
2 min
Natural gas barge
[email protected] Make sure to check out the latest issue of Energy Digital magazine Last month a Texas company filed an application to the Departme...

Make sure to check out the latest issue of Energy Digital magazine 

Last month a Texas company filed an application to the Department of Energy seeking authorization to export up to 2 MTA (million tonnes per annum) of liquefied natural gas to free trade agreement and non-FTA markets.

Texas LNG recently executed an exclusive lease option agreement with the Port of Brownsville in South Texas, to secure a prime location to develop its innovative export project. 

The company will employ a toll processing business model whereby the LNG customer will pay Texas LNG a fee for converting natural gas into LNG. A tolling arrangement will proved off-takers flexibility through manageable volumes, maximum arbitrage between global gas markets, and freedom to determine its preferred source and pricing index for feed gas.

The 51 acre site located along the Port of Brownsville's deepwater channel provides an optimal location to develop an LNG export facility. The export facility concept involves a liquefaction barge to be fabricated offsite by an experienced and qualified shipyard. The barge will be permanently grounded so that it will no longer be a floating vessel.

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LNG export could commence in early 2018 given its smaller scale and footprint, lower Capex requirements, and speed to market strategy. The company plans to make a request to the Federal Energy Regulatory Commission (FERC) to begin the pre-filing process by the end of 2014.

Commencement of construction is subject to regulatory approvals and a final investment decision (FID) contingent upon the company obtaining satisfactory construction contracts and long-term customer contracts sufficient to underpin financing of the project.

 “Our unique barge-based liquefaction solution enables Texas LNG to minimize complex onshore civil construction works, reduce the need to construct large LNG tanks onsite, reduce the overall local environmental and labor impact, and expedite speed to market,” said Vivek Chandra, CEO of Texas LNG.

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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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