BOLD $8BIL WIND-WIRES-STORAGE PLAN

Duke Energy joint venture part of $8 billion bid to supply green energy to Southern California

John Downey, Sept. 23, 2014 (Charlotte Business Journal)

Duke Energy’s Duke-American Transmission will join with Pathfinder Renewable Wind Energy, Magnum Energy, and Dresser-Rand to propose a ground-breaking $8 billion wind energy and wind storage system for the Southern California Public Power Authority. The plan calls for Duke to ante up $1.3 billion and build a 525 mile, $2.6 billion, high voltage transmission line to Utah for Wyoming wind energy-generated electricity, where an existing line can deliver the power to Los Angeles and, through California’s transmission system, across the state. Pathfinder Renewable Wind Energy will build a $4 billion, 2,100-megawatt Wyoming wind farm and Pathfinder, Magnum Energy, and Dresser-Rand will build a $1.5 billion, 1,200 megawatt, 41 million cubic foot compressed air energy storage (CAES) facility in four salt formations in Utah. CAES has been used for wind energy storage in Germany since 1978 and in Alabama since 1991 and projects are planned or under construction in Texas, the UK, and Iowa but it has yet to be proven economically practical. click here for more

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