EXPLORATION, DEVELOPMENT, ACQUISITIONS
GOING BENEATH THE GRID
Large bulk energy storage accelerates the transition to lower cost, carbon free, renewable electricity. P2X Developments is helping facilitate this transition through the provision of salt cavern sites to host underground H2 and CAES energy storage banks.
Hydrogen Energy Storage
Salt caverns are the green solution for large scale and long-term hydrogen storage since they provide significant economies of scale, high efficiency, low operational costs and low land costs. They can be used to help balance hydrogen demand and supply and their high pressures enable high discharge rates, making them attractive for transmission power balance applications.
Compressed-Air Energy Storage
CAES uses a compressor that pressurizes air and pushes it underground into salt caverns. At a later time, when there is electricity demand, the pressurized air is released back to the surface where it is used to turn a turbine to generate electricity. The process enables the energy to be efficiently stored for a long period of time (several months).
P2X Developments
We specialize in securing sites strategically selected to host large, transmission scale, energy storage banks in salt caverns. We do so as our commitment to deliver high-value, cost-effective energy infrastructure assets that meet or exceed our clients’ specifications and goals.
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- Our remote team is comprised of seasoned transmission power flow, geo-mechanical, environmental, planning, permitting, land siting and legal professionals that have been participating in the greenfield development, acquisition, financing and commissioning of energy infrastructure systems globally for decades.
- Our team has successfully delivered premium large power generation and storage projects downstream to some of the world’s largest, top-tier utilities (IPPs) and Fortune 500 component manufacturers.
- By aligning the interests of our off-take clients with those of our committed landowners and the communities in which we operate, we add value that minimizes risk far beyond the commercial operation milestone.
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Site Mitigation
Prior to securing site control with mineral rights, we conduct a thorough analysis of the prospect site, including but not limited to:
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- Detailed market analysis including gauging potential municipal support;
- Transmission load flow study coupled with interconnect queue and local generation assessment;
- Determining interconnect capacity, a load forecast review and the potential need for network area demand shift;
- Evaluation of the local geology using data such as wireline logs, isopach maps and depth maps;
- Solution mining feasibility study including the identification of potential (cubic meter) storage capacity;
- Land tax review and site negotiation to determine economic feasibility; and,
- Surface studies including environmental and land use due diligence.
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EXPLORE
PREQUALIFY
ACQUIRE
Community Benefits
Improvements to the local electrical grid should be part of the socio-economic and environmental goals and policies of every community. However, obstacles such as high energy costs, unaffordable energy grid infrastructure, pollution, climate change and disinformation can make this a challenging task.
Proven, bankable, Power-to-X solutions offer a unique opportunity to provide affordable and sustainable energy while offering communities that host such projects immense benefits, including:
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- Lowering and stabilizing the cost of electricity, while increasing grid reliability and resiliency;
- Lowering harmful carbon emissions;
- Alleviating strain on existing transmission infrastructure and prolonging its use;
- Creating taxable revenues that contribute to the improvement of local infrastructure such as schools and roads;
- Generating municipal and/or private revenue streams from the long-term lease of lands; and,
- New local jobs and other forms of economic sustainability.
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Hydrogen Storage in Salt Caverns
Safe, clean hydrogen (H2) production by water electrolysis helps integrate large scale, renewable, intermittent power sources into the electricity mix.
H2 stored in caverns is a carbon free emission fuel available for electricity production during peak demand hours when the energy is needed most.
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“The term Power-to-X (also known as p2x) includes the process of converting surplus electricity generated by clean sources such as wind and solar into hydrogen or compressed air… then storing that energy underground before converting it back to electricity when needed.”
“Salt caverns are one of the only viable solutions for storing large volumes of gas such as H2 and CAES, offering many advantages including flows and costs.”
“Salt caverns vary in size. The smallest range between 50,000 to 100,000 cubic meters, while the largest may exceed one million cubic meters.”
“Utilizing salt caverns as storage to balance the electrical network offers a way of addressing complex, varying and interlinking cycles of energy demand.”
Contact
Mailing Address
St. Catharines, Ontario L2S 3P5
Phone
+1 (289) 362-4996 (Ontario)
+1 (917) 809-4552 (New York)
Hours
By Appointment