Corre Energy, the developer of Long Duration Energy Storage (LDES) projects and products, accelerating the transition to net zero and enhancing the security and flexibility of energy systems, has made a range of key appointments across Europe. The company, which is currently developing Compressed Air Energy Storage schemes in the Netherlands and Denmark has ambitions to develop additional schemes in Germany and further afield including the US, Middle East, and Southeast Asia.
The appointments, which include a Project Director for Denmark, a Senior Engineering Project Manager in the Netherlands and 12 other appointments across the UK, Germany, and Italy highlight the company’s rapid growth, and Corre Energy’s commitment to maintaining and strengthening its position as a leader in Long Duration Energy Storage.
Speaking as the company made the announcement Patrick McClughan, Chief Strategy Officer said that Corre Energy’s rapid growth highlights the companies’ growing reputation as a global leader in the Long Duration Energy Storage field,
“Corre Energy has rapidly proved itself to be a leader in the development and operation of Long Duration Energy Storage projects to help accelerate the transition to net zero, and to enhance security and flexibility of our energy systems, which have been further stretched against the sudden and heart-breaking conflict unfolding in eastern Europe. Any technology which helps to stabilise the situation in the medium term, and aid with the transition to more sustainable energy production is welcome to policy makers at the moment, and Corre Energy is proud to establish itself as a key player in the industry at this challenging time.
“In addition to our senior management, our team of engineers, project managers and market analysts have extensive experience and success in the energy sector – in renewables, energy storage and hydrogen as well as market leading expertise in modelling the capability of LDES to integrate large scale renewables. Our new appointments add to our deep knowledge of project origination and development, and corporate and project finance.”
With demand for renewable energy constantly rising, the worldwide compressed air energy storage market is expected to reach $10.3 billion by 2026, according to a report issued last week by Global Industry Analysts.