Energy Storage News•27 days ago
Hydrostor announces equipment supply deal with Baker Hughes for A-CAES projects in US, Australia
Key Takeaway
This strategic partnership between a leading LDES developer and a major OEM significantly de-risks and scales A-CAES technology, offering developers and large consumers a more viable and robust long-duration storage solution.
AI Summary
- •Hydrostor and Baker Hughes have formed a strategic technology and equity partnership to deploy Advanced Compressed Air Energy Storage (A-CAES) projects in the US and Australia.
- •This collaboration with a major OEM (Baker Hughes) significantly de-risks A-CAES technology, providing developers with a more credible and scalable long-duration energy storage (LDES) option.
- •The agreement enhances the commercial viability and deployment speed of A-CAES, potentially leading to more competitive LDES solutions for future PPAs and capacity markets.
- •For large power consumers, this partnership signals increased availability of robust, long-duration storage, offering improved grid stability and greater integration of intermittent renewables.
Topics
financingoemppastorage