Jacobs
Summary
Jacobs has been appointed by BaroMar, an energy storage innovation company, to develop the preliminary design for a first-of-its-kind underwater large-scale, long-duration energy storage pilot project. Located off the coast of Cyprus, the project addresses the growing demand for sustainable energy solutions by demonstrating the practical application and scalability of new technology that is simple, efficient, cost-effective and environmentally friendly. Leveraging existing, mature technology in power, energy, and marine engineering, combined with the hydrostatic pressure of the seawater, the system aims to achieve relatively low installation costs and the lowest levelized cost of storage (LCOS), with a goal of round-trip efficiency of up to 70 percent. The technology helps address the challenges of relying on intermittent renewable sources such as wind and solar and the significant capital costs of supporting infrastructure.
Continue Reading
#News
#JacobsEngineering#ThermalEnergyStorage#MemberNewsIDEA