Liquid air energy storage enables 100% renewable energy
Highview
Power, the global leader in long-duration energy
storage solutions, has been named a finalist for the highly
prestigious S&P Global Platts Global Energy Awards, often described as
"the Oscars of the energy industry.” The company’s Liquid
Air Energy Storage (LAES) system at the Viridor Pilsworth site near
Manchester, United Kingdom, is nominated in the Grid Edge category. The
innovative LAES technology delivers the reliable and cost-effective
long-duration energy storage that is needed for renewable energy to
displace traditional baseload power generation systems. Winners will be
announced at the S&P Global Platts Global Energy Awards banquet on
December 6, 2018, in New York.
“This is the time for liquid air energy storage. It provides the long-duration
energy storage capacity of over eight hours and beyond that the
world needs to achieve 100% renewable energy. We are honoured to be a
finalist for an S&P Global Platts Global Energy Award and we appreciate
the judges recognizing the impact LAES can have on the grid today by
enabling baseload solar and wind power,” said Javier
Cavada, President and CEO of Highview Power.
Highview Power’s 5
MW/15 MWh Pilsworth plant is the world’s first grid-scale LAES
system and was officially launched in June 2018. The facility is
actively providing grid balancing services such as Short-Term Operating
Reserve (STOR) to reduce consumption during winter peaks and is proving
that intermittent distributed energy resources such as solar and wind
can be easily integrated into the power grid when paired with
long-duration energy storage. LAES systems can easily and
cost-effectively scale to more than 200 MW/1.2 GWh, giving it the
capacity to store days of clean renewable
energy for hundreds of thousands of homes.
Highview Power’s proprietary LAES
technology is based on the principle of air liquefaction, which enables
the easy storage of gases in cryogenic liquid form. The process involves
a 700-fold expansion in volume from liquid back to gas, which releases
the stored energy, powering turbines and generating electricity. This
enables Highview’s system to store vast quantities of energy at
significantly lower lifetime costs than duration-limited energy storage
resources. LAES systems offer pumped hydro capabilities to the grid
but without the siting limitations and while releasing zero emissions in
the process. It utilizes long-proven technology with an economic useful
life of over 30 years.
The S&P
Global Platts Global Energy Awards, established in 1999, highlight
corporate and individual innovation, leadership, and superior
performance in 18 categories spanning the entire energy complex.
About Highview Power
Highview Power is a designer and developer of long-duration energy
storage solutions for utilities
and distributed power systems. The company’s proprietary technology uses
liquid air as the storage medium and its custom designed Liquid Air
Energy Storage (LAES) solutions can deliver anywhere from 20 MW/80 MWh
to more than 200 MW/1.2 GWh of energy. LAES has been developed using
proven components from mature industries to deliver pumped-hydro
capabilities without geographical constraints and it can be configured
to convert waste heat and cold to power. For more information, please
visit: www.highviewpower.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181203005013/en/
Copyright Business Wire 2018
Source: Business Wire
(December 3, 2018 - 9:00 AM EST)
News by QuoteMedia
www.quotemedia.com