Sirius Exploration has released details of the latest report conducted on its behalf, exploring the feasibility of using compressed CO2 to create energy storage facilities for the production of electricity.
Compressed air based electricity generator systems have already been built in the US and Germany, but Sirius Exploration Plc, the mining and exploration company focused on North America and Australia, is exploring the possibility of using compressed carbon dioxide (CO2) within underground salt caverns, to create energy storage facilities for the production of electricity.
Directors of Sirius have announced the findings of a technical report conducted by UniQuest Limited of Queensland, Australia, for CO2 Energy Storage Pty – Sirius’ 100% wholly owned subsidiary.
In previous releases and presentations, Sirius has described the use of Compressed Air Energy Storage (“CAES”) as a means of storing electricity. This can be used for peak load demand and can also be used as an environmentally friendly method of storing wind generated electricity for use when power is actually required as distinct, as opposed to when the wind is blowing.
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