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Cost-effecive solution enabling renewables to power grids 24/7
01.
Identification
Storelectric is developing the world’s most cost-effective and widely implementable large-scale energy storage technology: a transmission/distribution grid-scale Compressed Air Energy Storage (CAES).
All 3 technologies in this solution are simplifications of technologies operating for decades, use standard off-the-shelf equipment (so technical risk is low). 1) Innovative adiabatic TES CAES. Our 500MW, 2.5-21GWh installations have zero/low emissions, 68-70% round trip efficiency, levelled cost cheaper than gas-fired peaking plants and batteries. 2) Equally innovative and uniquely retro-fittable CCGT CAES converts and gives new economic life to gas-fired power stations, reducing emissions, cutting energy costs and adding storage revenues. 3) Hybrids of the two technologies.
Label Date
May 1, 2020
From
United Kingdom
Maturity stage
Prototype testing in the real world
Looking For
Network; New clients; Visibility; Funding; Partners; Credibility
02.
The environmental benefits
- •Each TES CAES plant reduces emissions by 37,080 tonnes CO2 p.a. (40MW) to 463,500 tonnes (500MW) - CCGT CAES about 1/3 of that and hybrid is between the two.
- •Enables renewables to power grids by providing balancing, back-up, ancillary services and grid stability
- •Makes the energy transition more affordable
03.
The Financial benefits
- •The payback time is 10-15 years.
04.
Activity Region
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Asia
North america
- Headquarters
- Activity
05.
Company Profile
Storelectric Limited
Enabling renewables to power the world: the most cost-effective large scale, long duration storage, suitable globally.
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Headquarters
Howick Park Ave, Penwortham, Preston PR1 0LS, UK
06.
Related Topics
07.
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Storelectric Limited has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.