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Highview Power and Ørsted have signed a Memorandum of Understanding aiming to prove the feasibility and economic value of co-locating long duration energy storage with offshore wind.
The two companies will carry out detailed technical analysis and an economic assessment during 2023 that will investigate how combining Ørsted's wind technology with Highview Power's liquid air energy storage can deliver a stronger investment case for future offshore wind projects by reducing wind curtailment, increasing productivity, and helping the move to a more flexible, resilient zero carbon grid. Longer duration storage can support a future energy system with high proportions of renewable energy by providing flexible energy supply and demand, and increasing the resilience of energy networks.
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