Corre Energy B.V is focused on the development, construction, & operation of grid-scale underground long-duration energy storage, combined with the production and sale of green hydrogen. Corre Energy is headquartered in the Netherlands.

Compressed Air Energy Storage (CAES) is a proven energy storage technology that involves using electricity to compress air in underground storage caverns, which can later be released and combined with hydrogen to generate electricity. Corre Energy has developed a system where renewable electricity is used to compress air and generate green hydrogen, both of which are stored in separate co-located underground caverns. When electricity demand is high/supply is low, air and green hydrogen are combined by an electrolyser to generate electricity in a decarbonised system.

Corre Energy has two projects at a progressed stage of development – the first is a joint project in the Netherlands (ZW1) where Corre Energy has partnered with Infracapital (part of M&G Group). The second project is in Denmark, with Corre Energy currently owning 100%. Both projects are expected to come on-stream in 2025/ 2026 and reach full profitability by 2030. These projects cost €300-500m each (depending on project type) to construct and are expected to generate EBITDA of circa €80m each at maturity.

In addition to the two projects under construction, the Company also has a pipeline of additional EU designated projects across the Netherlands, Germany and Denmark.