RheEnergise And Colbún Sign MoU For Long Duration Energy Storage Projects In Chile
The title of this post is the same as that of this article on Water Power and Dam Construction.
These are the first two paragraphs.
Colbún, Chile’s third-largest power generation company and a prominent hydropower operator, has entered into a partnership with RheEnergise, a UK-based clean technology firm, to investigate the viability of deploying RheEnergise’s innovative long-duration hydro-energy storage solution, High-Density Hydro® (HD Hydro), in Chile. The agreement marks RheEnergise’s first entry into South America’s energy market.
Colbún and RheEnergise will jointly assess the feasibility of constructing a 10MW, 10-hour HD Hydro system in Chile. This initiative is seen as a valuable addition to Colbún’s diverse portfolio of hydro, wind, and solar projects, offering a novel technology to address the intermittency challenges associated with renewable energy sources. RheEnergise will conduct thorough investigations and technical studies to identify potential sites for its HD Hydro system, while Colbún will contribute local market expertise, guidance on planning and permitting, and insights into utility.
Note.
- Colbún has a Wikipedia entry and seems to be a fairly large company.
- The proposed system appears to be a 10 MW/100 MWh system, which could be ideal to back up a small wind or solar farm of about 50 MW capacity.
- Colbún seem to have the expertise to be a good partner for RheEnergise.
This last paragraph gives a snapshot of the Chilean market.
“Chile is a very attractive market for RheEnergise’s HD Hydro,” added Sophie Orme, Commercial Director at RheEnergise. “The Chilean Government is leading the way in Latin America, having dedicated US$2 billion for energy storage auctions from 2024, and set a renewables target of 70% by 2030 and carbon neutral by 2050. We are delighted to partner with Colbún, drawing on their first-hand experience of the market, in particular hydro and solar and to help them achieve their plan to add 4GW of renewable assets by 2030.”
I certainly wish both companies a successful future with this MoU.
The Anonymous Widower 