Compressed Air Energy Storage System News

Compressed Air Energy Storage Will Reach $4.8 Billion in Annual New System Revenue by 2023

Driven by growing penetration of intermittent renewable energy, increasingly constrained grid conditions, and the need for investments in electricity infrastructure, compressed air energy storage (CAES) – a technology that has been commercially available for more than 30 years – is enjoying a surge of renewed interest. In Asia Pacific, Europe, and North America, new installations of ...

Dec. 6, 2013

By Navigant Consulting, Inc. (NCI)

Energy storage innovation showcase

Thank you, Ian Arbon, session chairman. And I’d like to thank the Electricity Storage Network, hosts of today’s conference - especially for providing an opportunity to showcase some of DECC’s low carbon innovation projects. I’ve come to you today straight from the launch of my Department’s Global Calculator, which we worked on in collaboration with Climate KIC, ...

Jan. 28, 2015

By Department of Energy and Climate Change

Fraunhofer Tests a New Underwater Energy Storage Concept

The Fraunhofer Institute is planning to test a new storage concept in a German lake before the end of this year. The storage idea, which involves placing hollow concrete globes on sea or lake beds, resembles an underwater balloon technology already developed by ...

Aug. 29, 2016

By Greentech Media

Advanced Energy Storage Systems Market Trends & Forecast to 2018

Advanced energy storage is an important element with respect to the future electrical needs and energy efficiency measures. Conventionally, electricity is consumed soon after being generated as there are no effective technologies to store electricity in the required quantities. With emerging technologies, this phenomenon is improving with continuously improved energy densities and capital ...

Dec. 19, 2013

E.ON invests EUR 6bn to promote energy storage

'Energy storage is key to the further development of renewables. E.ON intends to double their share to almost a quarter of the energy mix by 2030. Up to 2010 alone we will invest at least EUR 6 billion in this area. However, to make better use of renewables, we must also tackle the problem that they are not yet able to meet baseload demand. For this we need innovative storage technologies,' ...

May 20, 2008

By E.ON AG

Utility-Scale Energy Storage Technologies Market

Energy is one of the basic requirements in almost all fields and sectors. The rising global requirement for energy is triggering research and development teams across the globe to develop new systems that can provide better and adequate amount of energy. The utility-scale energy storage technologies market is expected to excel effectively from 2013 to 2018 due to the wide applications that ...

Jul. 18, 2013

Energy industry experts gather in Bristol to examine energy storage

On 8 October, the Energy Institute (EI) will host a conference in Bristol on the role of energy storage in the UK energy system. This event will bring together industry experts from across the UK and Europe to examine the potential of energy storage as a key element in the UK's efforts to reduce carbon emissions, increase energy security and sustainability. Conference speakers represent major ...

Aug. 29, 2013

By Energy Institute (EI)

Electric Energy Storage Systems to Enhance Electric Grid Reliability and Support Expanded Renewable Energy Usage, States Frost & Sullivan

Electric energy storage systems are crucial for the further development and transformation of a range of sectors, including renewable energy, automotive, grid stabilization, smart grid, back-up power and portable devices. Big scale, reliable and durable electric energy storage technologies will enhance the usage and commercial attractiveness of intermittent renewable energy sources, such as ...

Apr. 17, 2012

By Frost & Sullivan

General Compression Secures $54.5 Million in Series B Financing

General Compression, Inc. ("GC"), a Massachusetts company developing utility-scale, responsive, renewable power projects that feature a proprietary compressed air energy storage system, announced today that it has closed on the first tranche of a $54.5 Million Series B Financing. Funds from this investment round will be used to enhance the company's ...

Jun. 7, 2011

By General Compression

Solar Storage 2013

Reportlinker.com announces that a new market research report is available in its catalogue: Solar Storage 2013 ...

Jan. 7, 2013

By ReportLinker

U.S. energy storage market to exceed $5 billion in 2014

The U.S. energy storage market totaled $3.06 billion in 2011 and is expected to exceed $5 billion in 2014, according to new estimates released by Climate Change Business Journal (CCBJ). A proprietary survey conducted by CCBJ and the Electricity Storage Assn. (ESA) in October 2011 revealed that the utility energy storage market is expected to contribute sales of $220 million to this ...

Dec. 15, 2011

By GLOBE SERIES

Siemens eyes low-cost long-duration energy storage with new thermal system

he system is aimed to store energy “significantly below” €0.10/KWh in large-scale deployment, depending on the exact nature of the storage application or services involved, Till Barmeier, program manager for the project at Siemens, told Energy Storage Update. The system combines established steam turbine technology with packed-bed heat storage. After having been converted to heat ...

Oct. 26, 2016

By FC Business Intelligence

In Utility Scale Energy Storage, Pumped Hydro Storage and CAES Lead the Way: SBI Bulletin

As the most widely implemented power-sector energy storage technology worldwide, pumped hydro storage (PHS) offers the largest amount of GW/hour. According to a recent SBI Bulletin, compressed air energy storage (CAES) ...

Aug. 22, 2012

By SBI Reports

U.S. Energy Storage Market Forecast to Exceed $5 Billion in 2014

The U.S. energy storage market totaled $3.06 billion in 2011 and is expected to exceed $5 billion in 2014, according to new estimates released by Climate Change Business Journal (CCBJ). A proprietary survey conducted by CCBJ and the Electricity Storage Assn. (ESA) in October 2011 revealed that the utility energy storage market is expected to contribute sales of $220 million to this total, ...

Dec. 1, 2011

By Environmental Business International (EBI)

Utility-Scale Energy Storage Technologies Market (2012-2018)

Energy is one of the basic requirements in almost all fields and sectors. The rising global requirement for energy is triggering research and development teams across the globe to develop new systems that can provide better and adequate amount of energy. The utility-scale energy storage technologies market is expected to excel effectively from 2013 to 2018 due to the wide applications that ...

Sep. 16, 2013

Electrical Energy Storage Technology and its Use Within the Intelligent Grid

The US Energy Information Administration (EIA) expects overall global energy consumption to increase by 47% between 2010 and 2035, with China and India ttogether accounting for half of the growth. This is increasingly presenting a major problem to power suppliers around the world as electrical energy infrastructures in most countries are antiquated, wasteful, and unable to cope with rising ...

Jan. 5, 2013

Renewables Integration Will Provide a Key Driver for Energy Storage Systems for Ancillary Grid Services, According to Pike Research

In the context of the power grid, ancillary services refer to auxiliary functions that are necessary to maintain the balance and quality of electricity on the grid.Energy storage systems (ESS) are of particular usefulness in achieving this balance and quality at the grid operator level and can perform key functions that include frequency regulation, voltage ...

Feb. 16, 2012

Wärtsilä Looks to Storage for Its 100% Renewable Energy Ambitions

Wärtsilä, the Finnish power plant and marine equipment giant, is shifting away from its fossil-fuel heritage and toward a future that is 100 percent dominated by renewables. Wärtsilä will be “leading the way to the power industry’s transformation toward a future that utilizes 100 percent renewable energy,” ...

Jun. 29, 2018

By Greensmith Energy Management Systems

SustainX Awarded Four U.S. Patents for Energy Storage Innovations; Continues to Build Strong Intellectual Property Portfolio

SustainX, Inc., developer of an industry-leading, transformative technology for utility-scale bulk energy storage using compressed air, today announced that it recently received four new U.S. patents that provide additional innovations for its isothermal compressed air energy storage (ICAES) technology. "This series of patent awards underscores our continued progress in building a broad ...

Apr. 4, 2012

Duke Energy Renewables completes Notrees Battery Storage Project in Texas; North America`s largest battery storage project at a wind farm

Duke Energy Renewables, part of Duke Energy's Commercial Businesses, announced today the completion of its 36-megawatt (MW) energy storage and power management system at its Notrees Windpower Project in west Texas. The system completed testing and became fully operational in December, 2012. "Battery storage is an important innovation to address the variability of wind and solar energy ...

Jan. 23, 2013

By Duke Energy

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