PCI Bid and CAES Symposium

This is our latest update and the 2nd following our activities in August, which friends of Storelectric describe as the Vacation month.
NAM (the oil and gas giant that SEL won a competition with in July) have restarted after their well earned vacation and are in the process of finalising the cooperation agreement verbally agreed at the joint workshop described in the previous update. We hope to share some good news on this front shortly.
Mark Howitt (our CTO) has been working tirelessly with Ernst & Young to prepare our PCI (Project of Common Interest) bid due for submission in October and potentially opening up a grant of 50% for our 40MW and 500MW Cheshire projects. Storelectric is now the only company that has a large scale energy storage project as part of the current Projects of Common Interest in the EU making us eligible for this grant award (more information was provided in the previous update).
Jeff Draper (our FD) has been working with companies interested in exploring CAES & hydrogen storage and this culminated in a symposium (jointly hosted by SEL and a sister company Hydrogen Energy Storage Ltd) in August. The symposium was filmed and you can see the interviews conducted during the day that give a flavour of the importance of storage and the prominence of the companies and entities that attended and interested in the storage field by clicking here. The full presentations were also filmed and are in post edit production available on request by emailing us.
We intend to provide some updates on these and other activities in the coming months however we have noted a growing interest for more immediate updates in the form of a 30’ webinar to be presented live by the Directors of Storelectric. Please let us know by return mail if you are interested to join.
Thanks for your continued interest in Storelectric.

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