Most projections suggest that in order for the world’s climate goals to be attained, the power sector needs to decarbonize fully by 2040. The global power industry is making giant strides toward reducing emissions by switching from fossil-fuel-fired power generation to predominantly wind and solar photovoltaic power. This is revolutionizing the energy systems, putting the energy sector players in a stressful situation and changing the electrical grid management approach. For more than a century, electrical grids have operated on the same model: large power sources generate power and channel it into a web of transmission lines and local distribution areas, never to return to the point of origin. This model is changing as the market shifts to newer, cleaner intermittent energy sources.
In addition, renewable energies are impacting the electricity price fluctuation. The large amount of electricity available in certain seasons and hours of the day lowers the price to values that are not convenient for the producers.
The energy storage sector must find technological solutions that are capable of:
-) improving the round-trip efficiency to avoid unsustainable losses of the energy stored
-) reducing the cost of investment and cost of operation
-) being installable anywhere and easily.
Current solutions fail in targeting these objectives, being expensive, site dependent, inefficient or at a very early stage of development. This is slowing the industry down and makes achieving the decarbonisation goals very difficult.
CO2 Battery is a revolutionary technology capable of profoundly changing the utility-scale long duration storage sector. Our performance metrics are:
-) CAPEX for First-of-a-Kind (FOAK) is 183 €/kWh against 300 €/kWh for Li-ion batteries
-) Round-trip efficiency (RTE) is greater than 75% without degradation over time.
-) Levelized Cost of Storage (LCOS) is 68 €/MWh for a 10-hours storage. This is the most competitive value in the market for more than 8-hours storage sector.
-) The simplicity of CO2 Battery process and the installation of “off-the-shelf” mature technologies lead to a lifespan of the plant greater than 30 years.
-) Installing modules in parallel allows to reach the desired capacity for every application.
-) Our plants are made out of steel, CO2 and water, no rare or critical materials are required. This guarantees the stability of CO2 Battery’s CAPEX over time.
CO2 Battery is the right solution for all players of the energy sector: power producers, TSO, DSO, large C&I companies, off-grid communities. Our control system allows to manage all operational configurations: grid regulation, load following, energy shifting.
CO2 Battery will solve all pains and frustration of the stakeholders, being cost-competitive, reliable, and easy to install and manage.
