Hydrogen is difficult and costly to store, transport and supply reliably at large scale.
R&D Focus
Hydrogen storage, compression, liquefaction, carriers and distribution infrastructure.
Innovative Solution
Corre Energy develops, builds and operates grid-scale underground energy storage.
Solution Effectiveness
Its German option agreement covers up to four caverns with more than 500 MW generating capacity and about 80 GWh of multiday electricity storage; the first cavern was scheduled for handover in early 2027.
Investment Funding
Last Funding Stage
Post-IPO Debt
Total Funding Amount
24.92M
Last Funding Amount
1.55M
Last Funding Date
30-08-2024
Startup Stage
IPO
Lead Investors
Air Corre Ltd., Pageant Investments, Stream Street Ltd., Springhill Property Investments Ltd., Keith Mcgrane
Revenue
$1M to $10M
People
Founders
Keith Mcgrane
About
Corre Energy develops, builds, and operates grid-scale underground energy storage using hydrogen-fuelled Compressed Air Energy Storage with bulk green hydrogen storage and production.
Products
Product
Grid-scale hydrogen-fuelled compressed-air energy storage projects using underground salt caverns.
Star Product
German cavern portfolio – up to four caverns planned for more than 500 MW and 80 GWh of multiday storage.
Demo Product or Complete Product?
Project-development and construction stage for underground compressed-air energy storage sites, with future hydrogen-storage potential.
Future Plan
Market Expansion
The German cavern agreement added a new market and was described as doubling Corre Energy’s European capacity.
M&A and Collabs
Collab
Solvay: land and cavern option agreement covering up to four salt caverns in North Rhine-Westphalia, Germany.
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