SANTIAGO, Chile & WASHINGTON–(BUSINESS WIRE)–Highview Enlasa, the 50/50 three way partnership between Highview Power, a worldwide chief in lengthy period vitality storage options, and Energía Latina S.A.-Enlasa, the biggest backup energy era supplier in Chile, is happy to announce that it’s creating the primary liquid air long duration energy storage undertaking in Chile. This 50MW/500MWh (10 hours) CRYOBattery™, which represents an estimated funding of USD $150 million, can be situated in Diego de Almagro within the Atacama Area.
With one of many highest solar irradiations on the earth, the Atacama Area has the potential to generate all of the nation’s electrical energy. By pairing photo voltaic with cryogenic vitality storage, Chile can profit from 24/7, 100% renewable vitality.
Engineering, procurement, and development (EPC) on the undertaking can be carried out by SK Ingeniería y Construcción, a number one Chilean EPC and a subsidiary of the Sigdo Koppers group. The undertaking is at the moment within the pre-feasibility engineering section and is scheduled to enter environmental processing in August of this yr. Building is estimated to start out within the second half of 2023.
“It is a massive step ahead to enabling decarbonization targets for the nation of Chile,” mentioned Javier Cavada, CEO and President of Highview Energy. “Our liquid air energy storage know-how is the optimum resolution for the massive scale, lengthy period vitality storage that’s wanted to stability the grid, with out the geographic constraints related to different vitality storage applied sciences.”
The Highview Enlasa three way partnership is opening Latin American vitality markets to baseload renewable energy potential. When paired with renewable vitality sources resembling photo voltaic, Highview Energy’s lengthy period vitality storage system is equal in efficiency to thermal and nuclear energy. CRYOBatteries™ are developed utilizing confirmed parts from mature industries and might ship pumped-hydro capabilities with out geographical constraints.
“The target of our firm is to make this modern know-how accessible to the market and to all actors within the electrical and mining sectors. These vegetation can exchange conventional coal vegetation, which can assist us contribute to accelerating the decarbonization course of in Chile and to fight local weather change,” mentioned Fernando del Sol, president of Highview Enlasa.
Highview Energy’s proprietary cryogenic energy storage know-how makes use of air liquefaction, through which ambient air is cooled and turned to liquid at -196 °C (-320 ˚F). The liquid air is saved at low strain and later heated and expanded to drive a turbine and generate energy. It’s the solely lengthy period vitality storage resolution accessible right now that’s locatable and might supply a number of gigawatt-hours (weeks) of storage. The CRYOBattery™ has a small footprint and is scalable with no dimension limitations or geographic constraints, permitting for the deployment of large quantities of renewables. Highview Energy’s cryogenic vitality storage vegetation supply precious capabilities together with voltage management, grid balancing and synchronous inertia that give grid operators the pliability to handle energy and vitality companies independently.
About Highview Energy
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic vitality storage system that delivers dependable and cost-effective lengthy period vitality storage to allow a 100 % renewable vitality future. Its proprietary know-how makes use of liquid air because the storage medium and might ship wherever from 20MW/100MWh to greater than 200MW/2GWh of vitality and has a lifespan over 30 years. Developed utilizing confirmed parts from mature industries, it delivers pumped-hydro capabilities with out geographical constraints and may be configured to transform waste warmth and chilly to energy. For extra info, please go to: http://www.highviewpower.com.
Energía Latina S.A.-Enlasa is an vitality era firm with greater than 12 years of historical past. Till now our enterprise mannequin has been primarily oriented to offer backup energy to the Nationwide Grid making accessible versatile/quick response items to the system, offering grid safety in case of contingencies or unavailability within the transmission services. Energía Latina S.A. is an open joint-stock firm and the guardian firm of a company conglomerate. Its affiliate Enlasa Generación Chile S.A. owns the historic era property. http://www.enlasa.com