Cache Power
Cache Power, a subsidiary of Federation Group, develops Canada's first commercial-scale compressed air energy storage facility (Marguerite Lake, Alberta), using Siemens Energy technology and underground salt cavern storage to deliver ultra-long-duration grid storage for utilities and grid operators.
- Company typePrivate
- Founded-
- HeadquartersBonnyville, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Cache Power does
Cache Power is an Alberta-based, pre-commercial energy infrastructure developer and a subsidiary of EPC firm Federation Group. The company is developing Canada's first commercial-scale Compressed Air Energy Storage (CAES) facility, the Marguerite Lake project located in Northeast Alberta near La Corey, adjacent to the Marguerite Lake substation. The facility is based on Siemens Energy CAES technology and uses underground salt caverns for compressed air sequestration, delivering 250 MW of load capacity, 640 MW of generation capacity, 30.72 GWh of stored energy, and up to 48 hours of ultra-long-duration discharge — a higher duration and lower capital cost profile than competing battery or pumped-hydro storage technologies.
The company's product portfolio comprises two coordinated assets: the core Marguerite Lake CAES Facility serving electric utilities and grid operators, and a planned Hydrogen Hub addition capable of blending up to 75% hydrogen with natural gas and integrating Babcock & Wilcox's BrightLoop carbon capture technology for net-zero emissions. Cache Power pursues large-scale energy infrastructure projects through direct enterprise B2B engagements with utilities, grid operators, and energy off-takers via long-term infrastructure contracts. Strategic delivery partners include EllisDon (construction), Siemens Energy (core CAES technology), Babcock & Wilcox (engineering and hydrogen/carbon capture), Cold Lake First Nations (indigenous partnership), and Alberta Innovates (grant funding). Revenue is expected to be generated on a usage-based / grid services model once the facility is operational, with no revenue currently recognized.
Cache Power firmographics
Firmographics- Name
- Cache Power
- Legal name
- Cache Power
- Website
- https://cachepower.ca
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cache Power, a subsidiary of Federation Group, develops Canada's first commercial-scale compressed air energy storage facility (Marguerite Lake, Alberta), using Siemens Energy technology and underground salt cavern storage to deliver ultra-long-duration grid storage for utilities and grid operators.
- Ownership category
- akta.pro rank
Cache Power industry classification
Industry- Product category
- Grid-Scale Energy Storage Infrastructure
- NAICS
- Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Mechanical LDES (Pumped Hydro, Compressed/Liquid Air, Flywheels) (EUAFADAB)
- akta.pro secondary industries
- Geologic & Underground Energy Storage (CAES Caverns, Hydrogen Caverns, Reservoir-Based) (EUAFADAF), Energy Storage Asset Management (BESS/PCS/EMS) (EUAEAMAE)
Keywords
Where Cache Power is headquartered
LocationHeadquarters
- HQ city
- Bonnyville
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Cache Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Operations, Personnel, Others
Revenue model
- Grid energy storage services: Cache Power generates revenue by providing ultra-long-duration energy storage services to the electrical grid. The facility stores energy by compressing air into underground salt caverns and releases it to generate electricity on demand, earning revenue from grid operators and utilities for capacity and energy provision.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Cache Power product offering
Product offeringCore offering
Cache Power develops and will operate the Marguerite Lake Compressed Air Energy Storage (CAES) Facility in Northeast Alberta, Canada's first commercial-scale CAES project, delivering 640 MW of generation capacity, 250 MW of load capacity, and 30.72 GWh of ultra-long-duration energy storage by sequestering compressed air in underground salt caverns. The facility, built on Siemens Energy technology and paired with a Hydrogen Hub addition using Babcock & Wilcox BrightLoop carbon capture, provides grid-scale energy storage, renewable integration, and hydrogen blending/CO2 capture services to utilities and grid operators.
Product overview
Cache Power, a subsidiary of Federation Group, operates as a clean energy storage solutions provider. The company's core product is the Marguerite Lake Compressed Air Energy Storage (CAES) Facility — Canada's first commercial-scale CAES project — which uses Siemens Energy technology to store energy by sequestering compressed air in underground salt caverns. This facility is designed to provide ultra-long-duration energy storage (up to 48 hours) at a lower capital cost than competing technologies. The Hydrogen Hub is an associated sub-product that enables blending of up to 75% hydrogen with natural gas, developed in partnership with Babcock & Wilcox using BrightLoop technology for energy storage and carbon capture.
Differentiator
Problem solved
Functional benefit
Products and services
- Marguerite Lake Compressed Air Energy Storage Facility Canada's first commercial-scale compressed air energy storage facility with 250 MW load capacity, 640 MW generation capacity, and 30.72 GWh of energy storage, providing up to 48 hours of ultra-long-duration energy storage by sequestering compressed air in underground salt caverns. Targeted at electric utilities and grid operators for grid-scale energy storage, peak demand management, and renewable energy integration.
- Marguerite Lake Hydrogen Hub A hydrogen production and blending facility addition to the CAES project, capable of blending up to 75% hydrogen with natural gas. Engineered by Babcock & Wilcox using BrightLoop technology for energy storage and carbon capture to support net-zero emissions.
Quantifiable outcome
- 30.72 GWh of energy storage capacity at the Marguerite Lake facility
- +3 more outcomes
Companies that use Cache Power
Customer profileSegments1 record
Ideal customer profiles1 record
Cache Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Cache Power partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- EllisDoncoreCache Power partnered with EllisDon to build Canada's first commercial-scale CAES facility in Northeast Alberta. EllisDon serves as the construction partner for the project, which is located next to the Marguerite Lake substation. Early construction was scheduled to begin in Q4 2025 following receipt of all major regulatory approvals.
- Cold Lake First NationsflagshipCold Lake First Nations is anticipated to collaborate as a partner in both the project development and operations of the Marguerite Lake CAES facility, reflecting a commitment to indigenous partnership and community engagement in the energy transition.
- Siemens EnergycoreThe Marguerite Lake CAES facility is based on Siemens Energy technology. Siemens Energy provides the core CAES technology platform that enables the facility's ultra-long-duration energy storage, hydrogen blending, and power generation capabilities.
- Babcock & Wilcox (B&W)coreCache Power awarded Babcock & Wilcox an engineering study contract for the Marguerite Lake CAES project. B&W is also engineering a potential hydrogen facility addition using its BrightLoop technology for energy storage and carbon capture to support net-zero emissions. An initial grant was announced for this project in Alberta.
- Federation GroupcoreCache Power is identified as a subsidiary of Federation Group, an EPC (Engineering, Procurement, and Construction) firm. Federation Group provides corporate backing and likely EPC expertise to Cache Power's CAES project development.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Cache Power competitors and assessment
Company assessmentDirect peers
- Form Energy: US-based developer of iron-air battery systems targeting 100+ hour duration grid storage. Direct competitor in the multi-day LDES segment that Cache Power's 48-hour facility also targets.
- Quidnet Energy: Texas-based developer of compressed air energy storage using abandoned oil and gas wells as the storage reservoir. Direct CAES technology peer targeting long-duration storage services to utilities and grid operators.
- Hydrostor: Toronto-based developer of commercial-scale compressed air energy storage (A-CAES) using hydrostatic pressure in underground caverns. Most direct Canadian and global CAES peer to Cache Power, competing head-to-head for utility-scale long-duration storage contracts.
- Highview Power: UK-based developer of Liquid Air Energy Storage (LAES), an adjacent mechanical long-duration storage technology. Competes for the same utility-scale, multi-hour storage contracts as Cache Power's CAES, particularly in markets prioritizing non-lithium LDES.
Regional players
- Capital Power: Edmonton-headquartered independent power producer operating generation and energy storage assets across Canada. Potential offtake customer, competitor in providing grid capacity, and a directly comparable Canadian-listed energy infrastructure operator.
- AltaGas: Major Canadian energy infrastructure operator headquartered in Calgary with significant Alberta natural gas and storage assets. Comparable as a Canadian-listed energy infrastructure platform and a potential offtake, partner, or competitor in Alberta grid flexibility markets.
Emerging players
- ESS Inc. US-based flow battery (iron) developer focused on long-duration commercial and utility-scale storage. Competes with Cache Power for utility long-duration storage contracts using a different but increasingly cost-competitive chemistry.
- Energy Vault: Swiss-listed LDES developer using gravity- and mechanical-based storage systems. Targets the same utility long-duration storage market as Cache Power with a different (non-geologic) architecture and is a relevant commercial-stage peer for offtake competition.
Others
- Babcock & Wilcox: Engineering firm and Cache Power's BrightLoop technology partner. Operates broadly in energy infrastructure and is also an enabling counterparty for hydrogen and carbon capture at utility scale; relevant as ecosystem participant rather than direct competitor.
Broad incumbents
- Siemens Energy: Global energy technology incumbent that licenses the core CAES platform to Cache Power. Competes broadly in power generation, grid, and storage markets; relevant both as a technology supplier and as a broad incumbent offering alternative storage and flexibility solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
Cache Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cache Power leadership team
Management profileNumber of profiles
Cache Power funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cache Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cache Power
What does Cache Power do?
Cache Power develops and will operate the Marguerite Lake Compressed Air Energy Storage (CAES) Facility in Northeast Alberta, Canada's first commercial-scale CAES project, delivering 640 MW of generation capacity, 250 MW of load capacity, and 30.72 GWh of ultra-long-duration energy storage by sequestering compressed air in underground salt caverns. The facility, built on Siemens Energy technology and paired with a Hydrogen Hub addition using Babcock & Wilcox BrightLoop carbon capture, provides grid-scale energy storage, renewable integration, and hydrogen blending/CO2 capture services to utilities and grid operators.
Is Cache Power a public or private company?
Cache Power is a private company. It is classified as corporate owned and is currently operating.
When was Cache Power founded?
Cache Power was founded in -1. It employs 1 to 10 people.
Where is Cache Power based?
Cache Power is headquartered in Bonnyville, Canada, in the North America region.
How does Cache Power make money?
One revenue line is on record: grid energy storage services.
Who are Cache Power's main competitors?
Direct peers on record are Form Energy, Quidnet Energy, Hydrostor and Highview Power. Regional players are Capital Power and AltaGas. Emerging players are ESS Inc. and Energy Vault. Babcock & Wilcox is listed as an others. Siemens Energy is listed as a broad incumbent.
Does Cache Power have an API?
No public API is recorded for Cache Power.
What industry is Cache Power in?
Cache Power's product category is Grid-Scale Energy Storage Infrastructure. Its primary akta.pro industry code is EUAFADAB, Mechanical LDES (Pumped Hydro, Compressed/Liquid Air, Flywheels), with a secondary code of EUAFADAF, Geologic & Underground Energy Storage (CAES Caverns, Hydrogen Caverns, Reservoir-Based). Its NAICS code is 221112 and its SIC code is 4991.