Transgrid selects Hydrostor's Advanced Compressed Air Energy Storage Solution for New South Wales Silver City

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You can see the videos from our team here. Hydrostor's Advanced Compressed Air Energy Storage A-CAES solution is being developed in partnership with Australian developer Energy Estate and uses Hydrostor's Advanced Compressed Air Energy Storage Selected as a preferred option by Transgrid to Provide Back-up Electricity for Broken Hill, New South Wales Silver City. A-CAES provides the same reliability, scale, duration, and operating life as pumped hydro storage, but with greater siting flexibility and up to 10 x less water and 20 x less land. Transgrid s PACR was based on an assessment of multiple proposed energy storage solutions and concluded that Silver City offered the highest net benefit and reliable clean energy for consumers, with the ability to store up to 200 MW of generation to meet peak demand. Once built, Silver City will be one of the world's largest renewable mini-grids, available to support the National Electricity Market with dispatchable energy services when the grid requires it, as well as unlock renewable energy in the region that is currently being constrained by network capacity limitations.

Transgrid's Executive General Manager of Networks, Marie Jordan, said the preferred long-term solution put forward by Canadian firm Hydrostor is in the long-term interests of electricity customers. As we transition to renewable energy, we must prioritize clean energy solutions that support the nation's goal of decarbonization and its leadership in the renewable technology sector. Chief Executive Officer of Hydrostor, Curtis VanWalleghem, said: Transgrid understands the value offered by our A-CAES solution, and we are very pleased to have been selected as the preferred alternative to competing proposals. New South Wales is a global leader with its clean energy policy and net zero ambitions and we are looking forward to starting our first A-CAES project in Australia. Tom Kennedy, the mayor of Broken Hill, said that this project has the potential to provide enormous benefit to Broken Hill's economy and grid reliability, and aligns with Council's strategic direction of harnessing renewable energy and storage technology. Hydrostor continues to evaluate additional opportunities to support the NSW Electricity Infrastructure Roadmap and to develop renewable energy zones throughout Australia by providing emission-free, reliable, and long-life energy security using the patented A-CAES solution, due to the flexible siting capability of A-CAES. You can learn more on LinkedIn and visit the Silver City website.