Proposed Innovations for Cost Reduction in CAES
- Repurposed Pipelines and Infrastructure: Utilizing existing pipelines can significantly reduce the capital costs of CAES plants by eliminating the need for new infrastructure development.
- Advanced System Design and Optimization: The use of artificial intelligence and machine learning can help optimize CAES system design, potentially lowering costs through improved efficiency and streamlined operations.
- Standardized Testing Procedures: Developing standardized testing protocols can help ensure consistent performance measurements across different systems, which can aid in cost reduction by improving manufacturing efficiency and reducing waste.
- Thermal Energy Management: Implementing technologies that capture and store the heat generated during air compression, like Storelectric’s Green CAES solution, can increase efficiency and reduce costs by eliminating the need for additional fuel.
- Modular Storage Containers: Innovations like Cheesecake Energy’s eTanker use modular containers for air storage, reducing reliance on specific geological formations and allowing for more flexible and cost-effective deployment.
- Underwater Storage: Companies like BaroMar are developing underwater storage solutions that leverage natural water pressure to reduce costs, making CAES more viable in diverse geographical locations.
- Advanced Manufacturing Techniques: Incorporating automation, waste reduction, and best practices from established manufacturing processes can lead to significant cost savings in component production.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-innovations-are-being-proposed-to-reduce-the-cost-of-caes/
