January 7, 2022: Energy firm Sumitomo has agreed to evaluate the potential of long-duration storage for a project in China using CRYOBattery technology, the company said on January 4.
CRYOBattery is a liqueified air energy storage system by Highview Power, with which Sumitomo partnered in March 2020 with an investment of $46 million.
The agreement has been signed with China’s Shanghai Power Equipment Research Institute and it will look at the feasibility of a four-hour option and an eight-hour option and which is the optimal size for the Binhai Power Station in China’s Jiangsu Province.
“The planned liquefied air energy storage system will shift energy, reduce curtailment and maintain system flexibility to allow integration and growth of renewable generation,” says Sumitomo. “In addition, the system can provide a transmission and distribution network, helping China’s national grid improve and maintain grid stability.”
China has set a carbon-neutral target of 2060, and to help achieve it the State Power Investment Corporation set up the Shanghai Power Equipment Research Institute to develop technologies and projects in line with the aim.
Last year, the Chinese government said it would deploy 30GW of grid-scale energy storage and said it wanted renewable power to account for more than half of total installed capacity by 2025.
Highview Power is developing storage facilities at speed, announcing in June a 50MW/500MWh facility for Chile and several others in Europe.