Latin America’s first cryogenic vitality storage mission to allow 24/7 baseload
SANTIAGO & LONDON – June 14, 2021 – Highview Enlasa, the 50/50 three way partnership between Highview Energy, a world chief in long-duration vitality storage options, and Energía Latina S.A.-Enlasa, the most important backup energy technology supplier in Chile, is happy to announce that it’s growing the primary liquid air long-duration vitality storage mission in Chile. This 50MW/500MWh (10 hours) CRYOBattery™, which represents an estimated funding of USD $150 million, shall be situated in Diego de Almagro within the Atacama Area.
With one of many highest photo voltaic irradiations on this planet, 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 building (EPC) on the mission shall be carried out by SK Ingeniería y Construcción, a number one Chilean EPC and a subsidiary of the Sigdo Koppers group. The mission is presently within the pre-feasibility engineering part and is scheduled to enter environmental processing in August of this yr. Development is estimated to begin within the second half of 2023.
“It is a massive step ahead to enabling decarbonization objectives for the nation of Chile,” stated Javier Cavada, CEO and President of Highview Energy. “Our liquid air energy-storage know-how is the optimum answer for the massive scale, long-duration 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 vitality potential. When paired with renewable vitality sources equivalent to photo voltaic, Highview Energy’s long-duration 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 revolutionary know-how obtainable to the market and to all actors within the electrical and mining sectors. These vegetation can change conventional coal vegetation, which is able to assist us contribute to accelerating the decarbonization course of in Chile and to fight local weather change,” stated Fernando del Sol, president of Highview Enlasa.
Highview Energy’s proprietary cryogenic vitality 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 long-duration vitality storage answer obtainable right now that’s locatable and might provide 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 provide helpful capabilities together with voltage management, grid balancing and synchronous inertia that give grid operators the pliability to handle energy and vitality companies independently.