7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

Hydrostor signs offtake agreement for energy storage project in California

Toronto-based Hydrostor Inc. will employ the company’s advanced compressed air energy storage technology in a proposed energy storage project in California.Handout

A California community electricity distributor has signed a 25-year power purchase agreement with Toronto-based Hydrostor Inc., a deal worth almost US$1-billion that moves a long-duration energy storage project closer to fruition.

Under the agreement, Central Coast Community Energy will contract for 40 per cent of the offtake from Hydrostor’s Willow Rock Energy Storage Center, a proposed development near Rosamond, in Kern County, Calif. The project will employ the company’s advanced compressed air energy storage technology.

Willow Rock is one of two planned Hydrostor developments in California. The plants, which can store energy longer than lithium-ion batteries, will allow more renewable energy onto grids by smoothing out the inherent supply variability of wind and solar farms. The company is also developing a project in New South Wales, Australia. The three plants are expected to cost about $2.5-billion to build.

Privately held Hydrostor plans to make a final investment decision on the 500-megawatt Willow Rock facility in mid-2024, pending project debt and equity financing, engineering and permitting. All of those are on track, and the power purchase agreement with Central Coast represents a major milestone toward starting construction, Hydrostor chief executive officer Curtis VanWalleghem said in an e-mail.

Hydrostor’s system works by pumping compressed air into a cavern deep underground. The rush of air pushes water up to a reservoir at the surface. When electricity is needed, the water is released back into the cavern, sending the air out and driving turbines to generate power. The Willow Rock plant has been designed to discharge energy for up to eight hours, and the system can run on either excess or off-peak power from the grid or from renewable sources.

Last year, the company attracted big-name investors in its bid to develop its current slate of projects and expand around the world. The asset management arm of Goldman Sachs committed US$250-million, and Canada Pension Plan Investment Board agreed to invest US$25-million. Hydrostor’s other backers include ArcTern Ventures, Lorem Partners, Canoe Financial and Business Development Bank of Canada.

Central Coast serves 447,000 customers in 33 communities in California and aims to source 100-per-cent clean energy by 2030. In a statement, it called energy storage “the most critical piece of the transition to renewable energy.”

Hydrostor said Central Coast will buy 200 megawatts, or 1,600 megawatt hours, of electricity from the storage project. It also said it is in talks with several other parties for the remainder of its capacity.

In October, Hydrostor and its Australian partner, Energy Estate, announced they had struck a deal with engineering and construction company McDermott International to proceed with front-end engineering and design studies for their Silver City storage project in that country.

https://www.tausiinsider.com/hydrostor-signs-offtake-agreement-for-energy-storage-project-in-california/?feed_id=324510&_unique_id=63ee2ebe8d15f

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