Profit model of compressed air energy storage

Is compressed air energy storage a feasible energy storage solution?

Underlines CAES's importance as a feasible energy storage solution for RES. Compressed air energy storage (CAES) is a large-scale energy storage system with long-term capacity for utility applications. This study evaluates different business models' economic feasibility of CAES pre-selected reservoir case studies.

What is compressed air energy storage?

Compressed air energy storage (CAES) is one of the few large-scale energy storage technologies that support grid applications having the ability to store tens or hundreds of MW of power capacity , which may be used to store excess energy from RES, according to .

Is compressed air energy storage data confidential?

The data that has been used is confidential. Succar S, Williams R. Compressed air energy storage : theory, resources, and applications for wind power. Princeton University; 2008.

Is CAES Res a viable business model for large-scale energy storage projects?

Although used in this case for evaluating CAES projects in mainland Portugal, this methodology can be used anywhere to determine the economic feasibility of CAES or other large-scale energy storage projects. The results obtained pointed out a better financial performance from the CAES RES business model than the CAES arbitrage business model.

Is adiabatic energy storage a viable business model?

However, adiabatic CAES can be economically feasible in both business models. In addition, it was observed that CAES is viable in specific scenarios and can be profitable for the storage of energy from RES, facilitating the management of their variability, decreasing their dependence on weather, and helping their integration into the grid.

How does thermal energy storage work?

It uses thermal energy storage (TES) device to avoid the use of additional energy and capture the heat expelled in the compression process, and then uses the stored thermal energy to preheat the air during the expansion process , , . For instance, in Fig. 2, one single compression stage raises the temperature and pressure of air.