Highview Power, a developer of long-duration energy storage solutions, has been named a finalist for the highly prestigious S&P Global Platts Global Energy Awards, often described as “the Oscars of the energy industry.” The company’s Liquid Air Energy Storage (LAES) system at the Viridor Pilsworth site near Manchester, United Kingdom, is nominated in the Grid Edge category.
The innovative LAES technology delivers reliable and cost-effective long-duration energy storage that is needed for renewable energy to displace traditional baseload power generation systems. Winners will be announced at the S&P Global Platts Global Energy Awards banquet on December 6, 2018, in New York.
“This is the time for liquid air energy storage,” said Javier Cavada, President and CEO of Highview Power. “It provides the long-duration energy storage capacity of over eight hours and beyond that the world needs to achieve 100% renewable energy. We are honoured to be a finalist for an S&P Global Platts Global Energy Award and we appreciate the judges recognizing the impact LAES can have on the grid today by enabling baseload solar and wind power.”
Highview Power’s 5-MW/15 MWh Pilsworth plant is the world’s first grid-scale LAES system and was officially launched in June 2018. The facility is actively providing grid balancing services such as Short-Term Operating Reserve (STOR) to reduce consumption during winter peaks and is proving that intermittent distributed energy resources such as solar and wind can be easily integrated into the power grid when paired with long-duration energy storage.
LAES systems can easily and cost-effectively scale to more than 200 MW/1.2 GWh, giving it the capacity to store days of clean renewable energy for hundreds of thousands of homes.
Highview Power’s proprietary LAES technology is based on the principle of air liquefaction, which enables the easy storage of gases in cryogenic liquid form. The process involves a 700-fold expansion in volume from liquid back to gas, which releases the stored energy, powering turbines and generating electricity. This enables Highview’s system to store vast quantities of energy at significantly lower lifetime costs than duration-limited energy storage resources. LAES systems offer pumped hydro capabilities to the grid but without the siting limitations and while releasing zero emissions in the process. It utilizes long-proven technology with an economic useful life of over 30 years.
The S&P Global Platts Global Energy Awards, established in 1999, highlight corporate and individual innovation, leadership, and superior performance in 18 categories spanning the entire energy complex.