Ikon Science, a leading global provider of geoprediction and open subsurface knowledge management software and data services, announced today its  collaboration with Wood, a global leader in consulting and engineering. Ikon, in partnership with Subsurface Dynamics (SSD), contributed to a high-level evaluation of pilot storage caverns in a study coordinated by Wood.

As part of the project, Wood leveraged data consulting services from Ikon and SSD to provide due diligence, data review and validation for a multi-location A-CAES (Advanced Compressed Air Energy Storage) project involving Hydrostror, a firm using compressed air in underground caverns to store excess electricity generated by wind farms. The data services provided by Ikon and SSD proved important to determine the viability of the subsurface conditions of Hydrostor’s proposed sites to support flexible energy storage.

Ikon and SSD evaluated Hydrostor’s documentation, studies and reports to prepare a reliable risk assessment summary. Based upon Ikon’s and SSD’s findings, Goldman Sachs Asset Management invested $250 million into Hydrostor’s A-CAES pilot project initiative.

“Accurately understanding the subsurface is fundamental to determining the feasibility of green energy storage projects,” explained Dr. Denis Saussus, Chief Executive Officer of Ikon Science. “As the world’s energy mix diversifies, assessing the subsurface remains pivotal to the success of renewable energy projects.”

KeyFacts Energy Industry Directory: Ikon Science