Corre Energy is a leader in the origination, development, construction, and commercialisation of Long Duration Energy Storage (LDES) projects and services that will accelerate decarbonisation and enhance the security and flexibility of energy systems. Today the Company announces the signing of binding commercial terms for a 15-year offtake agreement, with extension rights, with Eneco, for the entire storage capacity of the Zuidwending Compressed Air Energy Storage (CAES) project in the Netherlands. Eneco is a leading renewable power supplier and energy service provider in the Netherlands and Belgium, operating and expanding its activities in the UK and Germany, and is committed to accelerating the energy transition.
Zuidwending is located in the Province of Groningen in the Netherlands. Corre Energy has exclusive rights to build a CAES facility using salt…