Highview Power News Release
Highview Power, a global leader in long-duration energy storage solutions, has contracted Tenaska Power Services Co., the leading provider of energy management services to generation and demand-side customers in the U.S., to identify, model, optimize and provide energy management services for up to four giga-scale cryogenic energy storage plants in the United States over two years. The initial project is expected to be developed in the ERCOT market.
Javier Cavada, president and CEO of Highview Power, said: “Highview is proud to work with Tenaska Power Services to develop our first projects located in the United States. They are well-respected and have an impressive track record of managing large energy assets. Tenaska’s capabilities and leadership in this market make them the ideal provider to help Highview Power scale our technology in the United States.” Continue reading here.
GWh-scale liquid-air battery offers storage at half cost of lithium, Recharge News
A UK technology company has unveiled a “cryogenic” energy storage system that it says can store gigawatt-hours (GWh) of renewable energy at half the cost of lithium-ion batteries. Highview Power says its scaleable zero-emissions CRYOBattery technology, which uses liquid air as its storage medium, could potentially replace natural-gas peaker plants that help to balance the grid. A 10-hour, 200MW/1.2GWh system offers a levelized cost of storage of $140/MWh, the company says. By comparison, analyst Lazard puts the price of a similar lithium-ion gas-peaker replacement facility at $285-581 per MWh.
More Highview Power News Releases
- Highview Power Unveils CRYOBattery, World’s First Giga-Scale Cryogenic Battery
- Highview Power Wins Top Honour at Ashden Awards for Energy Innovation
About Highview Power
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long-duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 25 MW/100 MWh to more than 200 MW/1.2 GWh of energy and has a lifespan of 30 to 40 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power.
From modest beginnings in 1987, Omaha-based Tenaska has forged a solid reputation as an industry leader, adept at responding to unique customer challenges and new market opportunities. One of the largest private, independent energy companies in the United States, Tenaska is well regarded for its integrity and commitment to excellence. Customers, partners and investors work with Tenaska again and again because its employees give every project the highest priority and still conduct business like a young company with something to prove.