Speaker
Description
The drive for a greener grid is seeing baseload power generation increasingly displaced by intermittent renewables, forcing a change in how grid operators manage their networks. Energy Storage is a key component of the strategy to maintain a stable and reliable supply of electricity, shifting "wrong-time" energy and providing ancillary services from clean sources.
The bulk storage of energy represents a particular challenge. Even with recent cost reductions in battery technologies their costs are high, and the incumbent technologies used for large-scale storage are constrained by geographical requirements.
Liquid Air Energy Storage is based on components proven through decades of use in the Industrial Gas, Oil & Gas and Power Generation sectors and provides a low-cost solution for bulk-scale storage that is ready to be deployed today and can be located where the value is greatest.