Early mover in long-duration storage: Corre is Europe’s leading developer of compressed air energy storage (CAES) with hydrogen integration, targeting 3.2GW by 2030.

Proven + scalable tech: CAES is one of the few technologies that can rival pumped hydro for scale and duration, but with lower cost at long durations.

Strong market tailwinds: EU decarbonisation targets, growing renewables penetration, and volatility in power markets make long-duration storage essential.

Pipeline leadership:Four projects under exclusivity (1.28GW) and six more in origination (1.9GW), with 8GW total under appraisal — the largest CAES pipeline in Europe.

Anchor partnerships: Backed by Infracapital (M&G), FIEE, and leading technical partners including Siemens Energy and Gas Storage Denmark.

Tangible progress: First Netherlands project working on offtake agreements with investment-grade counterparties; Danish hub advancing with cavern deals and MoUs in place.

Valuation:Longspur central case €3.6/share, assuming only the four exclusivity projects progress. Origination adds upside to €6.5/share.

Catalysts to watch:Project financial close (ZW1, GHH1), further cavern agreements, EU policy support, and new project traction.

Bioenergy and Waste Feedstocks

Biomass: Corre Energy is building Europe’s largest long-duration storage platform using proven CAES technology, enhanced with hydrogen integration. With first projects advancing in the Netherlands and Denmark, strong financial and technical partners, and a multi-gigawatt pipeline, Corre offers an early-mover entry point into a sector set for exponential demand growth as renewables scale.

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