Canada’s biggest-ever clean-energy storage plant plans charged up with launch funding
Up-to-500MW advanced compressed air energy storage facility to be built in Ontario by start-up Hydrostor with $3.2m government seed finance.
Canada’s largest clean-energy storage facility, a giant up-to-500MW system based on compressed-air technology, has taken a major stride forward following the award of C$4m ($3.2m) in backing from the country’s government.
Funding for Toronto-headquartered Hydrostor’s Advanced Compressed Air Energy Storage (A-CAES) facility, which came via Natural Resources Canada’s Energy Innovation Programme and Sustainable Development Technology Canada, clears the way for the start-up to complete engineering and planning on the flagship and take “critical steps” toward construction.
The 300-500MW project will be modeled on Hydrostor’s operating 1.75MW/10MWh Goderich, Ontario storage facility, which currently provides the province’s independent electricity system operator with 12 hours of long -duration back-up.
The full-scale A-CAES project, said Hydrostor Curtis VanWalleghem, Hydrostor’s CEO, would “support Canada’s green economic transition [as an example of] designing, building, and operating emissions-free energy storage facilities, [and] employing the people, suppliers, and technologies from the oil & gas sector”.
“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 is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector.”
Canada’s minister of natural resources, Seamus O’Regan, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
The A-CAES system works by converting renewable energy or power grid surplus into compressed air, which is funneled into purpose-built water-filled caverns, displacing water and creating storage capacity, with heat created by process being stored to reheat the compressed air to discharge the energy on demand.
Hydrostor claims an A-CAES project pipeline of over 6GW and 65-plus gigawatt-hours of deployment potential in the US, Canada, Chile and Australia, with “significant” global project prospects in other international markets.
Source: rechargenews
