This agreement highlights the shared commitment
of ENGIE and Energy Dome to advancing long-duration energy storage
solutions, marking a significant milestone in the commercial
deployment of innovative clean technologies
As part of the global transition from research to commercial
deployment of cleantech technologies, Energy Dome, a visionary
long-duration energy storage (LDES) technology company, and ENGIE a
global reference in low-carbon energy and services, have signed an
offtake agreement for the first full-scale CO2 Battery developed by
Energy Dome in Ottana, Sardinia, Italy.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241219221848/en/
Rendering of Energy Dome’s CO2 Battery
plant in Ottana, Sardinia, Italy. (Photo: Business Wire)
At the time of commissioning in the first quarter of 2025, the
CO2 Battery will be one of the few operational energy storage
assets in the global market with a 10-hour discharge duration
supported by a commercial offtake agreement. Under the agreement,
Energy Dome will own and operate the CO2 Battery facility, while
ENGIE will leverage its market expertise to optimize and dispatch
the stored energy in the Italian power markets.
The agreement underscores the importance of long-duration energy
storage in enhancing grid resilience and reliability, demonstrating
the value of the CO2 Battery technology for industry leaders and
markets alike. ENGIE's involvement in the project aligns with its
strategy to strengthen its position in energy storage, leveraging
flexible and dispatchable solutions such as the CO2 Battery to meet
growing renewable energy needs. In Italy ENGIE has been pioneering
the dispatching and the optimization of BESS (battery energy
storage systems) since 2023; with an existing portfolio of 43 MW/48
MWh, the agreement with Energy Dome will consolidate ENGIE’s
know-how in storage optimization.
Energy Dome’s Ottana Project was the first European initiative
to receive funding from EU-Catalyst, a program designed to mobilize
public and private resources to accelerate the deployment of
emerging climate technologies. This funding partnership, supported
by Breakthrough Energy Catalyst, the European Commission and the
European Investment Bank, was announced at COP28 in Dubai last
December. At the recent COP29, global stakeholders highlighted the
importance of technologies like long-duration energy storage (LDES)
in meeting the Global Energy Storage and Grids Pledge, which aims
to achieve 1,500 gigawatts of energy storage capacity
worldwide.
Edouard Neviaski, CEO of ENGIE’s business entity ‘Global
Energy Management & Sales’, said: “ENGIE is thrilled to
partner with Energy Dome on this groundbreaking energy storage
project. This collaboration highlights our unwavering commitment to
developing sustainable and flexible solutions that drive the energy
transition. By strengthening our expertise in energy storage, we
are advancing our mission to provide reliable, low-carbon energy
solutions that meet the increasing demand for renewables and
support our customers on their decarbonization journey.”
Mario Fernandez, Head of Catalyst, Breakthrough Energy,
said: “Scaling first-of-a-kind projects is immensely complex and
requires not just technological innovation but new commercial and
market approaches. This partnership is a tangible example of a
replicable commercial innovation and confirms the Ottana CO2
Battery is not just a demonstration but a viable facility, which
will unlock Nth-of-a-kind opportunities that can lead to true
global scale.”
Claudio Spadacini, CEO of Energy Dome, commented on the
milestone: “Our agreement with ENGIE confirms our deployment
readiness, validates our business model, and underlines the
market-leading value proposition of our technology. The era of
deployment has arrived, and this collaboration will undoubtedly
accelerate our mission to decarbonise the world by providing
sustainable, utility-scale energy storage.”
Gelsomina Vigliotti, Vice-President of the European
Investment Bank, said: “The European Investment Bank plays a
key role in accelerating the green transition by financing
breakthrough technologies like Energy Dome’s CO2 Battery. We
congratulate Energy Dome and ENGIE on the milestone achieved today,
which will contribute to Italy’s national climate and energy goals.
This announcement demonstrates the important and tangible impact of
the EU-Catalyst partnership in supporting green technologies that
will decarbonise our economies while strengthening
competitiveness.”
The partnership represents Energy Dome's first offtake deal
under its "Energy Storage as a Service" model. This commercial
arrangement with ENGIE, along with a recent equipment supply
contract for a project with Alliant Energy in the US, demonstrates
Energy Dome’s market readiness to scale its energy storage
solutions at a commercial level, which was made possible also
through public support mechanisms dedicated to accelerating
emerging clean technologies.
The Ottana project, nearing completion, features a 20MW/200MWh
CO2 Battery unit, capable of providing electricity for
approximately 14,000 households over a continuous 10-hour period.
This design is consistent with the unit deployed for Alliant Energy
in Wisconsin, highlighting the scalability of Energy Dome’s
technology for future projects.
For more information on Energy Dome’s projects, please visit
energydome.com.
About Energy Dome
Energy Dome is at the forefront of redefining long-duration
energy storage with its CO2 Battery. The properties of carbon
dioxide allow the system to store energy efficiently and
cost-effectively through a patented thermodynamic process, hence
representing the most valid alternative to lithium-ion batteries or
pumped-hydro solutions. The CO2 Battery is already a fully
validated and cost-effective system that uses no lithium or
rare-earth elements to store electricity, boasting superior
round-trip efficiency. With a modular approach and site-independent
footprint, CO2 Batteries use readily available, off-the-shelf
components from reliable, existing supply chains, providing a
scalable pathway to store massive amounts of intermittent renewable
energy and accelerate the energy transition; it’s the only
technology available today offering the right combination of
efficiency, cost, scalability and that's viable globally. For more
information, please visit energydome.com.
About ENGIE
ENGIE is a global reference in low-carbon energy and services.
With its 97,000 employees, clients, partners and stakeholders, the
Group strives every day to accelerate the transition towards a
carbon-neutral economy, through reduced energy consumption and more
environmentally friendly solutions. Inspired by its purpose
statement, ENGIE reconciles economic performance with a positive
impact on people and the planet, building on its key businesses
(gas, renewable energy, services) to offer competitive solutions to
its clients.
About Breakthrough Energy
Breakthrough Energy is a global network of climate leaders
committed to accelerating the world’s journey to a clean energy
future. The organization funds breakthrough technologies, advocates
for climate-smart policies, and mobilizes partners around the world
to take effective action, accelerating progress at every stage.
Breakthrough Energy Catalyst is a novel platform that funds and
invests in first-of-a-kind commercial projects for emerging climate
technologies. By investing in these opportunities, Catalyst seeks
to accelerate the adoption of these technologies worldwide and
reduce their costs.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241219221848/en/
Media Contact: Mario Torchio –
m.torchio@energydome.com