NEWS COMMENTARY

Mitsubishi Hitachi Power Systems and Magnum Development propose 1 GW energy storage project

Published:
June 05, 2019
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Mitsubishi Hitachi Power Systems (MHPS) America and Magnum Development, a holding company for midstream natural gas assets, have proposed a 1 GW/1,500 GWh energy storage project in Utah employing compressed air, flow batteries, hydrogen, and fuel cells. No investment or timeline have been announced. The project is at the scale where such technologies are best suited, and at least one partner – MHPS – is large enough to conceivably finance the multibillion-dollar project should it go through, but the surrounding load pockets aren't at high enough renewable percentages to merit such energy storage. Clients should expect this project to be mothballed, but view it as a more credible example of an ultra-long-duration storage project proposal. 

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