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This edition of our news in brief focuses on activities in the long-duration energy storage space.
Energy Dome, Italy-headquartered provider of a proprietary energy storage technology which uses carbon dioxide (CO2) as the medium, has closed out the second tranche of its Series B.
The long-duration storage company announced last week that it has been invested in by the European Innovation Council Fund (EIC Fund), the investment arm of the EIC, set up by the European Commission to support technologies at pre-commercialisation stage that offer promise within the European Union (EU).
Energy Dome claims its technology is safe, scalable and easy to deploy, as well as being cheaper than lithium-ion or pumped hydro energy storage (PHES) technologies. In an interview earlier this year, SVP of strategy, corporate development and investor relations Ben Potter told Energy-Storage.news the technology''s sweet spot is for long-duration energy storage (LDES) applications of between 8-24 hours.
A consortium featuring US long-duration thermal energy storage startup Malta Inc has been awarded a €9 million German government grant for energy transition technologies.
The company, which calls its proprietary molten salt-based technology ''thermal hydro'' or ''pumped heat storage'', said earlier this week that the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) awarded the funds towards technoeconomic analysis of the technology''s potential for decarbonising electricity and heating.
Malta Inc''s ''pumped heat'' tech converts electricity into heat, which is used to heat the salt. At the same time, cooling energy which is released is also stored in a special fluid. A heat engine then driven by the temperature difference can then be used to generate electricity, while heat can also be released.
The company counts Bill Gates'' Breakthrough Ventures among its investors, and was a founding member of the global Long Duration Energy Storage Council (LDES Council).
Along with Malta Inc''s German subsidiary and Alfa Laval, funding was also awarded to Siemens Energy, which has an agreement to co-develop the turbomachinery required for the pumped heat systems. Malta has various agreements with potential customers to deploy or trial the technology, but there was perhaps less good news for the company a few days ago when Canadian utility NB Power in the province of New Brunswick said it would be dropping plans for a previously announced 100MW/1000MWh molten salt storage-plus-green hydrogen project, according to local news reports.
Corre Energy, an Ireland-headquartered provider of a compressed air energy storage (CAES) technology aimed at applications requiring multiple days of storage discharge, has partnered with Siemens Energy.
The Irish company said this week that it has formed a global collaboration with the German engineering company for the commercialisation of its CAES, including using Siemens equipment on a proposed 280MW project in Texas, US.
Corre Energy bought the large-scale project from developer Contour Energy in July this year. It comprises three underground salt caverns in which the air would be stored, and would play into Texas'' ERCOT electricity market. Corre is targeting getting construction started on 1.3GW of CAES by 2026, and signed an agreement with Dutch utility Eneco for a possible 320MW project with 84-hour duration in late 2022.
"We are particularly impressed with Siemens Energy’s groundbreaking progress in demonstrating the ability of its turbines to run on hydrogen which is key to our clean energy plans," Corre Energy''s US development arm president Chet Lyons said.
In a mid-2022 Guest Blog for this site, Corre Energy chief strategy officer Patrick McClughan wrote about how the company saw LDES as a crucial enabler of energy security and decarbonisation, with specific regard to the EU in the wake of the Russian fossil fuel supply crisis as it got underway.
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DOE Funding for 15 Projects WillHelp Advance Energy Storage Technologies, Enhance Clean Energy Adoption, and Reduce Impacts on the Grid from Climate Change-Fueled Extreme Weather Events
"As we build our clean energy future, reliable energy storage systems will play a key role in protecting communities by providing dependable sources of electricity when and where it''s needed most, particularly in the aftermath of extreme weather events or natural disasters," said U.S Secretary of Energy Jennifer M. Granholm. "Thanks to President Biden''s Investing in America agenda, DOE is supporting game-changing energy storage projects across the nation—laying the foundation for the innovative solutions we need to ensure stronger, more resilient communities."
Energy storage is essential to enabling utilities and grid operators to effectively adopt and utilize the nation''s growing portfolio of clean energy resources, like solar and wind, on demand. However, today''s energy storage technologies are not sufficiently scaled or affordable to support the broad use of renewable energy on the grid. According to DOE''s Pathways to Commercial Liftoff: LDES report, cheaper, longer, and more efficient storage is needed to meet energy demand that fluctuates throughout the day and night. For example, solar power generated during the day could be stored for nighttime use or nuclear energy generated in low demand periods can be used when demand increases.
Selected projects under the LDES Funding Opportunity include:
A full list of projects selected for award negotiations under the FOA is available here.
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