1. Developing large-scale CAES projects in Europe with Eneco and in Texas
2. Claimed to be the largest developer of energy storage in Europe with 100GWh+ capacity
3. Potential de-listing on the cards due to recent fluctuations in share price and investor interest
Corre Energy is developing several large-scale Compressed Air Energy Storage (CAES) projects in Europe, including partnerships with Eneco in Germany and the Netherlands, as well as a project in Denmark. These projects will collectively have a capacity exceeding 100GWh and are considered the largest in Europe. The company also acquired a project in Texas last year.
The success of these projects, combined with the sale of a 50% stake to Eneco and significant construction milestones, has attracted attention to Corre Energy. There is speculation that the company may consider de-listing in the future, as the original listing was primarily to raise development capital rather than focus on share price.
Since its listing in September 2021, Corre Energy’s share price has seen fluctuations, peaking at €3.90 in February 2023 before dropping to around €0.72. Despite these fluctuations, there is still strong investor interest in the company, with expressions of interest coming in March following a rapid decline in share price over six months.