Seeking a larger role in the energy storage sector, 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.
The agreement essentially enables both companies to expand in the growing energy storage sector.
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