GE Oil & Gas signs licensing and collaboration agreement with Highview Power Storage
GE Oil & Gas has signed a global licensing and collaboration agreement with Highview Power Storage, a UK supplier of large-scale liquid air energy storage (LAES) systems.
The companies will explore opportunities to integrate Highview’s LAES technology in peaker power plants where GE gas turbines and gas engines are currently or will be installed to increase power plant efficiency, grid reliability and the distribution of renewable energy.
Highview’s LAES technology uses liquid air or nitrogen as the storage medium to provide long-duration energy storage without the geographical restrictions found with other energy storage methods. The technology also can convert low-grade waste heat into power, increasing the overall efficiency of a host power plant.