Gaelectric gains €8.3 million EU funding for CAES project

Irish energy storage firm Gaelectric has been awarded an additional €8.28 million in European Union (EU) funding for its compressed air energy storage (CAES) project in Northern Ireland.

The funding comes from the EU’s Connecting Europe Facility (CEF).

Gaelectric’s 330MW CAES project, near the port town of Larne in Northern Ireland, will store energy in the form of compressed air in especially engineered caverns within geological salt deposits at depths of around 1.5 kilometres below ground level.

On completion, the Larne facility will provide generation capacity of 330MW for periods of up to eight hours, enough to meet the electricity needs of over 200,000 homes, the company said.

View the full story on Energy Storage News.

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