Hydrostor Will Build Compressed Air Storage for the Australian Grid
18 Feb, 2019
We are revolutionizing Australia’s grid storage market by introducing a novel compressed-air storage device in South Australia.
Our innovative technology addresses the limitations of lithium-ion batteries, particularly for long-duration storage needs arising from wind and solar power fluctuations.
Our system involves pumping air into an underground cavern, utilizing water to maintain constant pressure. Unlike traditional compressed-air storage methods reliant on specific geological features, we excavate our own caverns, expanding the technology’s potential sites.
With government support and funding, including $6 million from the Australian Renewable Energy Agency, we showcase project at the Angas Zinc Mine aims to demonstrate the commercial viability of its solution.
This venture not only enhances grid stability but also lays the groundwork for larger-scale projects worldwide, potentially reaching capacities of up to 500 megawatts.