TransGrid

Hydrostor’s Compressed Air Energy Storage Selected as Preferred Option by Transgrid to Provide Back-up Electricity for Broken Hill, New South Wales

Retrieved on: 
Thursday, May 26, 2022
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Silver City is being developed in partnership with Australian developer Energy Estate, using Hydrostors Advanced Compressed Air Energy Storage (A-CAES) solution.

Key Points: 
  • Silver City is being developed in partnership with Australian developer Energy Estate, using Hydrostors Advanced Compressed Air Energy Storage (A-CAES) solution.
  • A-CAES provides equivalent reliability, scale, duration, and operating life as pumped hydro storage, but with greater siting flexibility and utilizing up to 10x less water and 20x less land.
  • Transgrids Executive General Manager of Networks, Marie Jordan, said: The preferred long-term solution put forward by Canadian firm Hydrostor is in the long-term interests of electricity customers.
  • New South Wales is a global leader with its clean energy policy and net zero ambitions and we are looking forward to commencing our first A-CAES project in Australia.

KKR, Ontario Teachers’ and PSP Investments Complete Acquisition of Spark Infrastructure

Retrieved on: 
Wednesday, December 22, 2021
Professional Services, Finance, Reserve Forces and Cadets Association, Coal, ASX, Canadian Forces Exchange System, Natural Resources, Life, Public Sector Pension Investment Board, TransGrid, NYSE, Capital districts and territories, National Electricity Market, KKR, LinkedIn, Ontario Teachers' Pension Plan, Twitter, Investment, Public service, Asian Infrastructure Investment Bank, Military, Federal Public Service Foreign Affairs, Growth, Acquisition, Pension, OECD, Public, Municipal government in Canada, Retirement, The Royal Canadian Mounted Police in Quebec, Teacher, SA Power Networks, Multimedia, Insurance, Government, Electricity, Territory, PSP, Pension fund, Renewable energy, Spark Infrastructure, Spark Infrastructure, Powercor Australia

KKR, Ontario Teachers Pension Plan Board (Ontario Teachers) and Public Sector Pension Investment Board (PSP Investments and together, the Consortium) today announced the completion of the acquisition of all issued securities of Spark Infrastructure (ASX: SKI) in an all-cash transaction for approximately A$5.2 billion.

Key Points: 
  • KKR, Ontario Teachers Pension Plan Board (Ontario Teachers) and Public Sector Pension Investment Board (PSP Investments and together, the Consortium) today announced the completion of the acquisition of all issued securities of Spark Infrastructure (ASX: SKI) in an all-cash transaction for approximately A$5.2 billion.
  • Alongside Ontario Teachers and PSP Investments, we look forward to working with the management teams of Spark Infrastructure and its portfolio companies, to support the business objectives to improve grid stability and build secure, high-quality and cost-effective electricity infrastructure for customers across the country.
  • We are excited to add Spark Infrastructure to our Infrastructure portfolio and to continue nurturing our established relationships with KKR and Ontario Teachers, said Sandiren Curthan, Senior Director, Infrastructure Investments, PSP Investments.
  • It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and credit investments.