Irish-led group has signed 15-year agreement for the Zuidwending Compressed Air Energy Storage project
Irish-led Corre Energy has signed commercial times with renewable energy company Eneco for capacity of its energy storage project in the Netherlands.
The energy storage and renewables specialist said the deal was a 15-year agreement for the Zuidwending Compressed Air Energy Storage project, located in the province of Groningen. Corre Energy has the rights to build a CAES facility using salt caverns at the site, with 320 Megawatts of power generating capacity and a maximum storage discharge duration of about 3.5 days.
The agreement will see Corre Energy construct, operate and maintain the facility, and will act as a proof of concept for the energy storage firm‘s plans. Eneco will provide market access services, and help meet the company‘s requirements for flexible energy sources to meet ts target of becoming climate-neutral by 2035.READ MORE
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