Why Invest?

Listed on Euronext Growth, a market operated by Euronext Dublin, Corre Energy is enabling the energy transition through storing, securing and sharing the world’s limitless renewable energy. We do this by developing, designing and commercialising energy storage systems in underground salt caverns, using known technology, Compressed Air Energy Storage (CAES).

The problem we’re solving
Renewables are key to securing a clean energy future as significant offshore and onshore wind and solar projects are rolled out globally. But in simple terms, when the wind stops blowing or the sun stops shining, we have to store energy. That’s why we’re developing compressed air projects which store energy – at scale and for days, not just hours. This speeds up the transition away from fossil fuels. Our solution is also designed to be integrated into the wider energy system, including alongside hydrogen, batteries and broader grid infrastructure.

The portfolio we’re building
Corre Energy is currently developing a portfolio of institutional grade infrastructure assets, with major projects across Europe and North America. As we further expand, our focus remains on delivering value to investors while generating significant societal and environmental impact.

The impact we’re making
Our projects reduce and avoid carbon emissions, and they stop unnecessary waste by storing the oversupply of renewables and deploying it when there isn’t enough. Put simply, this creates more secure, steady supplies and make electricity more affordable.

• Large addressable market – fast-growing market for renewable energy storage in Europe, North America and the rest of the world
• Revenue-led approach – revenue during development generated from equity sell downs, followed by 35-year recurring revenue during project operations
• Deliverability – first mover advantage with multiple live projects in the Netherlands, Denmark, Germany and USA, with a further pipeline to allow a significant scale-up opportunity
• Proven demand – having achieved first 15-year offtake agreement with Eneco at our first project in the Netherlands, we have proven demand and triggered heightened market interest
• Technology secured – CAES technology has over 50 years of successful operation and we now have in place a key agreement with Siemens Energy to deliver a consistent, scalable, multi-market solution
• Hydrogen-ready – projects can be co-located with hydrogen storage caverns to further lower costs and be part of an even greater clean energy supply chain
• Key partnerships – growing number of partnerships across each aspect of our value-chain, from salt cavern owners to major offshore wind firms
• Experienced management team – senior management team backed by technology and project management experts

Spotlight on our markets

• Europe: In December 2022 the European Council confirmed an increase to its 2030 renewable energy target from 32.5% to 40% while estimates show 108 GW of electricity storage is required to meet EU decarbonisation targets over the same timeframe. At a policy level, there is strong commitment to accelerate the permitting process for energy storage facilities and their grid connections.
• North America: The US has a target of 80% renewable energy generation by 2030 and has a goal of 100% carbon pollution-free electricity by 2035. To underpin this, the US inflation Reduction Act has committed $369bn to renewable energy, of which 30% is earmarked for stand-alone energy storage. Meanwhile, Canada, which plans that by 2030 90% of the country’s electricity is to be generated from renewable and non-emitting resources, has a tax credit programme for clean technologies, including both hydrogen and CAES.