Corre Energy Expands Project Operations to North America
NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) — Incentives for Energy Storage Projects in the US and Canada Offer a Unique Opportunity to Accelerate Decarbonization of North American Power Generation.
Corre Energy B.V. has expanded its energy storage project development operations into the United States and Canada. Corre Energy US Development Company LLC, a subsidiary of Corre Energy B.V., has been formally launched to source and develop utility-scale compressed air energy storage (CAES) projects across North America.
CAES is a commercially proven technology that can use renewable energy to compress air into underground salt caverns when power demand and prices are low. This energy is later released to the grid to increase supply when demand and prices are higher, enhancing the stability,...