Under a 25-year agreement valued at nearly $1 billion, a California community choice aggregator will purchase 200 MW of 8-hour energy storage from Hydrostor’s planned 500 MW facility. January 13, 2023 William DriscollCentral Coast Community Energy in California has executed a 25-year power purchase agreement with Hydrostor, valued at nearly $1 billion, for 200 MW/1600 MWh energy storage from a planned 500 MW compressed air energy storage system.Hydrostor’s storage technology can cost-effectively store up to eight hours of energy, the company says, using no fuels, on a footprint significantly smaller than a comparably sized pumped hydro storage facility. The 500 MW project will require less than 100 acres.The California project is one of four energy storage projects that Hydrostor is developing worldwide, after completing two pilot-scale projects.A Hydrostor video says its…
500 MW compressed air energy storage project in California secures offtaker – pv magazine USA
