The new joint venture company Highview TSK will commit to the development of multiple projects in Spain, the Middle East and South Africa.
An initial number of projects have been identified for several gigawatt-hour of clean energy storage to be developed from 2019 through 2022.
Highview’s CEO Javier Cavada said, “This partnership with TSK will help Highview Power accelerate momentum for our cryogenic energy storage systems in global markets and is ideal for applications like renewable energy shifting, enabling wind and solar for baseload generation, and hybridising cryogenic storage plants with traditional thermal generation systems.”
Joaquin Garcia Rico, CEO of TSK, added, “After looking at a number of storage technologies, we have come to the conclusion that Highview’s cryogenic energy storage is the ideal solution to deliver long-duration, large-scale storage services to our customers. The technology is not only cost effective, it is scalable, clean, has a long lifespan and can be deployed now.”
Cavada concluded, “The Highview TSK joint venture can deliver the ideal solution for grids of the future around the world, and we can do it now with cryogenic energy storage technology.”