Preparation of budget estimate for compressed air energy storage power station

What is compressed air energy storage?

Compressed air energy storage (CAES) is one of the many energy storage options that can store electric energy in the form of potential energy (compressed air) and can be deployed near central power plants or distribution centers. In response to demand, the stored energy can be discharged by expanding the stored air with a turboexpander generator.

Where will compressed air be stored?

In a Compressed Air Energy Storage system, the compressed air is stored in an underground aquifer. Wind energy is used to compress the air, along with available off-peak power. The plant configuration is for 200MW of CAES generating capacity, with 100MW of wind energy.

Does compressed air energy storage improve the profitability of existing power plants?

The use of Compressed Air Energy Storage (CAES) improves the profitability of existing Simple Cycle, Combined Cycle, Wind Energy, and Landfill Gas Power Plants.\n\nNakhamkin, M. and Chiruvolu, M. (2007). Available Compressed Air Energy Storage (CAES) Plant Concepts. In: Power-Gen International, Minnestota.

How is energy stored in a low demand space?

In low demand periods, energy is stored by compressing air in an air tight space (typically 4.0~8.0 MPa) such as an underground storage cavern. To store energy, air is compressed and sealed in the space. To extract the stored energy, compressed air is drawn from the storage vessel, mixed with fuel, and then combusted. The expanded air is then passed through a turbine.

How much money do you need to invest in energy storage?

Most investment levels are in the $10 million to $30 million range and require investments over 3 to 5 years. Compressed air and hydrogen energy storage systems and demonstration projects require significant investments and industry collaboration.

Does Kansas have a compressed air energy storage Act?

For example, the state of Kansas has facilitated these processes with their Compressed Air Energy Storage Act , effective since 2009. A study that reports on promising locations, permitting processes and challenges, and mitigating solutions would help developers navigate these issues during the planning phase.