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Storelectric Ltd plans to develop Compressed Air Energy Storage

(CAES) using the salt caverns in Preesall as a means of storing

energy in a clean and efficient manner.

Our Mission

 

Storelectric Ltd was established in 2012 to develop an innovative and highly efficient form of Compressed Air Energy Storage (CAES) at a truly grid scale. We will store national grid energy in the safest and most efficient way possible to make sure there is no risk of ruptures and harm to local citizens.

 

Storelectric aims to:

  • Make most renewable energy generation profitable without subsidy;
  • Improve the environmental performance and profitability of thermal power stations;
  • Reduce power generation to about 50% each of baseload and renewables;
  • Reduce the grid reinforcement required to cope with both renewables and thermal generation;
  • Use entirely environmentally friendly and intrinsically safe technologies;
  • Reduce the footprint of the power system, with most volume being underground.

 

Storelectric Ltd has an experienced team dedicated to bringing this to life. To find out more about us, please click here.

Shell Springboard - regional winners!

 

Shell Springboard is a competition in which the very best of British innovations that reduce greenhouse gas emissions are rewarded, against very stiff competition, for three main factors:

  1. Quality of the innovation;
  2. Soundness of the business proposal; and
  3. Impact on the environment.

 

Storelectric were declared regional winners, going through to the national finals with £40k in the bank. Worth more than the money, however, is the kudos from having been analysed in some depth by experts, and winning the accolade of one of the world's great multinationals.

 

Using existing technology...

 

Many CAES systems already exist around the world such as in Huntorf, Germany and MacIntosh, Alabama, USA. These have been proven to store energy efficiently and cost-effectively.

 

We plan to base our models on these technologies, which can be explored more here.

... the safest and most environmentally friendly way

 

Storelectric's compressed air energy storage is 100% renewable, in contrast with natural gas assisted systems such as Huntorf and MacIntosh. The fluids that we use are all benign. Salt caverns are hundreds of metres underground, and safe enough to store natural gas around the world - and we're storing air in them.

 

Not only can Storelectric's CAES potentially make most renewable generation technologies profitable without subsidy, but also it can increase the profitability and environmental performance of thermal - and even nuclear - power generation.

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