Billion-dollar deal will see Highview Power deploy 2GWh of liquid air energy storage in Europe
Energy storage firm Highview Power is set to develop up to 2GWh of liquid air energy storage projects to help Spain move towards its net zero emissions target.
An estimated investment of around $1 billion will see up to seven CRYOBattery™ projects ranging from 50MW/300MWh in Asturias, Cantabria, Castilla y Leon, and the Canary Islands.
The projects will be realised alongside development partners and a consortium of investors, which include engineering company TSK, and the Center for Energy, Environmental and Technological Research (CIEMAT).
Highview Power’s technology uses liquid air as the storage medium and delivers critical grid stability services, like synchronous inertia, short circuit and dynamic voltage control.
Spain adopted the National Energy and Climate Plan to reduce greenhouse gas emissions by 23% by the close of the decade.
Read more about liquid air technology in our interview with Highview Power in the Summer edition of BEST mag out in July. Click here to ensure you receive your copy.
