Corre Energy, a leading developer of Long Duration Energy Storage (LDES) projects and products, has announced the election of Chief Strategy Officer Patrick McClughan to the inaugural board of the Long Duration Energy Storage Council.
Corre Energy, which is listed in Dublin and headquartered in the Netherlands, is currently developing innovative LDES projects in the Netherlands and Denmark, which have been recognised by the European Network of Transmission System Operators for Gas (ENTSOG), and included on ENTSOG’s Ten-Year Network Development Plan. The projects will use underground storage in the form of compressed air and green hydrogen, offering a low-cost form of renewable energy storage using proven technology. The company also has ambitions to develop additional schemes in Germany and further afield.
LDES is essential for decarbonising global electricity networks, providing a way of balancing out the intermittency of renewables for long periods of time at scale. In Europe alone, it is estimated that up to 108GW of energy storage is needed to hit EU targets for renewables[1].
The Long Duration Energy Storage Council was launched at COP26 to provide governments, grid operators, utilities and large energy users with information, financial models, and regulatory frameworks with the aim of enabling the global deployment of Long Duration Energy Storage. The Board of Directors will set the long-term vision for the Council, determine research priorities, and steer its strategy.
Patrick McClughan, Chief Strategy Officer of Corre Energy, said: “I am honoured to represent Corre Energy on the board of the Long Duration Energy Storage Council. The transition to renewables cannot happen without the right storage infrastructure in place, and the Council will play a vital role in making this a reality. I look forward to working with my colleagues on the Board to help governments around the world to navigate the challenges which exist in achieving renewable targets, as well as embracing the opportunities for cleaner, more resilient energy grids.”
About Corre Energy
Corre Energy is a leader in the development and operation of Long Duration Energy Storage (LDES) projects and products, accelerating the transition to net zero and enhancing the security and flexibility of energy systems. Our first storage projects, both Compressed Air Energy Storage schemes, are located in the Netherlands and Denmark and our ambition is to develop additional schemes in the Netherlands, Denmark, Germany and the UK. All our European projects are designated within the European Union’s Ten-Year Network Development Plan.
About the LDES Council
The LDES Council is a global, executive-led non-profit membership organisation, comprising technology providers, equipment providers, renewable energy companies, utilities, grid operators, investors, and end-consumers. It strives to accelerate decarbonisation of the energy system at lowest cost to society by driving innovation, commercialisation and deployment of long duration energy storage. The LDES Council provides fact-based guidance and information to governments, industry and broader society, drawing from the experience of its members which include leading energy companies, technology providers, investors and end-users.
