Canadian Utilities expands energy storage business in Alberta
Canadian Utilities Limited that the partnership between ATCO Energy Solutions Ltd. and Petrogas Energy Corp. has secured long-term contracts for the construction and operation of a fifth salt cavern storage facility at the ATCO Heartland Energy Centre near Fort Saskatchewan, Alberta. The Company has also secured long-term contracts for the construction and operation of a regional pipeline connecting the new salt cavern facility to existing pipelines in the area for receipt and delivery of hydrocarbon products. CU currently operates four salt caverns under long-term contract, which have a combined hydrocarbon storage capacity of 400,000 cubic metres. The development of this facility will increase aggregate hydrocarbon storage capacity at the ATCO Heartland Energy Centre by approximately 20 per cent, while creating a regional hub for feedstock storage and management in Alberta's Industrial Heartland region. Construction is set to begin immediately with full operation targeted for late 2021.