Jineng air energy storage

What is a compressed air energy storage project?

A compressed air energy storage (CAES) project in Hubei, China, has come online, with 300MW/1,500MWh of capacity. The 5-hour duration project, called Hubei Yingchang, was built in two years with a total investment of CNY1.95 billion (US$270 million) and uses abandoned salt mines in the Yingcheng area of Hubei, China’s sixth-most populous province.

Who owns China Energy Engineering Corporation?

It is the largest grid-connected CAES project of its size in the world, engineering firm China Energy Engineering Corporation claimed in its announcement of the project (or specifically, the first in the world of that scale). The project is owned by China Energy Construction Digital Group and State Grid Hubei Integrated Energy Services Co.

Who owns China Energy Engineering Corporation & China Energy Construction Digital Group?

Both China Energy Engineering Corporation and China Energy Construction Digital Group are part of government-owned Assets Supervision and Administration Commission of the State Council. The project was built three to four times quicker than a pumped hydro energy storage (PHES) plant would need (6-8 years), China Energy Engineering added.

Are liquid air energy storage systems economically viable?

“Liquid air energy storage” (LAES) systems have been built, so the technology is technically feasible. Moreover, LAES systems are totally clean and can be sited nearly anywhere, storing vast amounts of electricity for days or longer and delivering it when it’s needed. But there haven’t been conclusive studies of its economic viability.

How much does liquid air storage cost?

In simple terms, the LCOS is the cost of storing each unit of energy over the lifetime of a project, not accounting for any income that results. On that measure, the LAES technology excels. The researchers’ model yielded an LCOS for liquid air storage of about $60 per megawatt-hour, regardless of the decarbonization scenario.

When is the 2nd Energy Storage Summit Asia?

Energy-Storage.news’ publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers.