Corre Energy develops and operates grid-scale compressed air energy storage systems that store excess renewable energy for extended periods, addressing the intermittency of wind and solar power. By efficiently managing energy supply, the company reduces carbon emissions and enhances the affordability of electricity.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Renewable energy sources like wind and solar are intermittent, leading to supply fluctuations that can destabilize the grid and hinder the transition away from fossil fuels. Existing energy storage solutions often lack the capacity for long-duration storage needed to address these intermittencies effectively.
Solution
Corre Energy develops and operates grid-scale compressed air energy storage (CAES) facilities that store excess renewable energy for extended periods. These facilities compress air into underground caverns when renewable energy is abundant and release it to drive turbines and generate electricity when needed. This approach enables the storage of energy for days, rather than hours, providing a reliable and dispatchable source of power that complements intermittent renewables. By efficiently managing energy supply and reducing curtailment, Corre Energy enhances grid stability, reduces carbon emissions, and improves the affordability of electricity.
Target Audience
Corre Energy's primary customers are grid operators, utility companies, and large energy consumers seeking reliable, long-duration energy storage solutions to integrate renewable energy sources and enhance grid stability.
Features
- Grid-scale compressed air energy storage (CAES) technology for long-duration energy storage
- Underground caverns for high-capacity compressed air storage
- Integration with renewable energy sources to store excess wind and solar power
- Dispatchable power generation using stored compressed air to drive turbines
- Advanced control systems for efficient energy management and grid stabilization
- Projects underway in the Netherlands, Denmark, Germany, and the USA