Total investment of $16MThe plant is located 800 kms north of Chile’s capital Santiago in the Atacama regionThe plant can store up to 2000 megawatts which can serve 80,000 to 100,000 homesNEW YORK, Dec. 30, 2022 /PRNewswire/ — Hedonova, a US-based hedge fund investing in alternative asset classes like start-ups, real estate, and asset leasing has forayed into the fast-growing energy storage sector by investing $16M in a storage plant in Chile that operates on the CRYOBattery technology. The energy storage plant is located 800 kms north of Chile’s capital Santiago in the Atacama region. The plant uses air liquefaction technology where ambient air is cooled to -196 degrees celsius. The liquefied air is then heated to expand and run turbines to generate electricity. The plant will be operational from January 2023.The energy storage plant Hedonova has invested in can store up to 2000…
Hedonova enters the renewable energy sector by investing $16M in a Chilean energy storage plant
