South america air energy storage

Is Chile the future of energy storage?

Already one of Latin America’s top markets for renewables, Chile leads the region on energy storage — and in embracing concepts that could break new ground in a global context. Chile’s installed base of 64 megawatts and 79 megawatt-hours of storage (based on figures from BloombergNEF) is puny compared to the U.S. or China, for instance.

Where is compressed air energy storage most likely to be used?

North America and Sub-Saharan Africa have the highest shares globally. Northeast and Southeast Asia have the least potential for compressed air storage. This paper presents the geological resource potential of the compressed air energy storage (CAES) technology worldwide by overlaying suitable geological formations, salt deposits and aquifers.

What is compressed air energy storage (CAES)?

Therefore, some sort of balancing is needed to match electricity generation and demand. Compressed air energy storage (CAES) technology is a known utility-scale storage technology able to store excess and low value off-peak power from baseload generation capacities and sell this power during peak demand periods.

Is liquid air energy storage better than CAES?

CAES and liquid air energy storage (LAES) have been thermodynamically analyzed in a dynamic simulation and the results indicate that LAES has greater benefits than CAES . Lower volume requirement, higher efficiency and no restriction by location have been found to be the merits of LAES.

Is a natural gas storage site the same as a CAES?

The natural gas storage site is assumed to have the same structure and geological suitability as CAES. Although the sensitivity analysis shows that the accuracy of the findings lie in the range of 66–85% and 63–82%, depending on the scenarios and reservoir types, there is still room for improvement.

Should gas and oil companies store hydrocarbon fuels in underground reservoirs?

However, gas and oil companies have been storing hydrocarbon fuels in similar underground reservoirs for many years, according to EPRI-DOE . On top of that, very few utility engineers are aware of the great potential of CAES available globally.