Long-duration storage on a compressed timeline
For most of its history, not much changed in compressed air energy storage (CAES). The first plant was deployed in 1978, but the technology never really caught on. Now, with a sudden flurry of record-breaking utility-scale plants coming online in China, increased deployment in Europe, North America and Australia, and growing calls to get off gas, might CAES finally have its moment in the sun?
The conditions need to be right, but when they are, the potential is huge. In early April 2024, Chinese developer Zhongchu Guoneng (Beijing) and Technology Co (ZCGN) commissioned an energy storage project that put the world’s biggest battery storage projects in the shade. The 300 MW/1.8 GWh CAES plant in Feicheng, Shandong, is hard to …
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