Compressed Air Energy Storage (CAES) company Hydrostor announced Tuesday that it has sought the services of Australian global infrastructure firm AECOM to support its entry into the market.
AECOM’s Australia team will assist Hydrostor’s early-stage development efforts across the National Electricity Market (NEM). This work includes market assessments and site identification for the deployment of the Hydrostor Terra solutions in Queensland, New South Wales, Victoria and South Australia.
The Hydrostor Terra(TM) solution supports power system security that can help oversee system reliability as variable renewable electricity (VRE) generators, like wind and solar, increases and thermal generators are retired.
Terra(TM) can be deployed at any site within proximity to a body of water, including inner-city and urban areas, or by using a surface pond as part of a closed loop system.
Curtis VanWalleghem, CEO of Hydrostor, said: "Hydrostor's entry into the Australian market changes the conversation on cost effective, emission-free alternatives to fossil-fuel generation and limited storage technologies.
“Hydrostor Terra(TM) beats natural gas to deliver essential services and dispatchable capacity, while offering longer duration and longer life storage of 30+ years versus batteries, at half the cost. Terra's sizing and siting flexibility also offers significant advantages over pumped hydro."