Corre Energy is developing a unique, pan-European mass energy storage platform. We aim to create 100% renewable Compressed Air Energy Storage (“CAES”) solutions for the integration of renewables, using green gas and hydrogen as fuel components.The Corre Energy team is a world leader in the origination, design and development of underground CAES structures. Uniquely the schemes are configured as energy storage hubs providing integrated storage and flexibility services to customers with highly competitive economies of scale.
The CAES structures are configured as energy storage hubs, providing integrated storage and flexibility services to customers with highly competitive economies of scale. This approach enables long (10-12 hours) and ultra-long (24+ hours) duration storage for 35+ years, in line with increasing renewables ensuring future proofing, resilience and sustainability for investors.CAES technology has been used for the facilitation of different energy sources in the past, and as such, the technology and methods are proven.
Corre Energy was pioneered by thought leaders in energy storage who have over 50-years’ experience in renewables and technology development, financing and scientific research. Our team is built up of natural innovators who have been involved in a range of novel-led approaches to commercialising clean-tech, specifically in the early days of offshore wind and, more recently, energy storage.It has pioneered business models to maximise the value of energy storage. This involves a mix of commercial contracts with market trading and monetisation of societal value drivers as part of its impact innovations’ activities. Societal engagement will be a key part of the model where the true underlying value of energy storage will be shared with people.
European renewable energy is continuing to grow, driven by ambitious national targets and the reduction of costs for large-scale wind and solar.
CAES can provide solutions for utilities, system operators, data centres and generators to help improve their revenues, reduce risk and manage uncertainty.
Corre Energy is led by an experienced team, with vast industry experience and market leading understanding of commercialisation strategies for energy storage.