CAES Compressed Air Energy Storage Worldwide

Date: April 22, 2010
Pages: 214
Price:
US$ 4,800.00
Publisher: SBI
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: CBF669DB0DFEN
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CAES Compressed Air Energy Storage Worldwide
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The global market for compressed air energy storage (CAES) sits at a turning point. Since its introduction as a utility scale electricity storage technology in the 1970s, low energy prices and a proliferation of cheap natural gas fired peaking power plants slackened demand for energy storage, and CAES never got off the ground. Over the following decades, only two plants were built, one in the US, and one in Germany. And although these facilities provided effective energy storage capacity at reasonable cost, the need for utility scale energy storage was insufficient to kick start the CAES market.

Recent trends, however, threaten to invigorate the CAES market. Global concerns about climate change, environmental pollution, and energy security have generated a strong, bullish market for renewable energy production. Wind and solar markets, in particular, have seen tremendous gains over the last five years. But wind and solar resources are highly variable in nature. Solar technologies can only provide generation capacity when the sun is shining, and wind turbines can only produce electricity when there is sufficient wind available. Often, sun and wind availability does not align with consumer electricity demand. Therefore, in order to effectively meet demand for renewable electricity, as is now mandated by many government institutions around the globe, renewable energy storage is needed. Also, current grid management issues, including congestion along regional power grids, aging (and very costly) transmission infrastructure, and power supply trends are drawing together to make favorable conditions for CAES as solution for peak power supply and grid management.

CAES components also have the advantage of being, for the most part, readily available and mature. Gas turbines, air compressors, recuperators, injection and extraction wells, and other CAES components represent mature technologies that already operate under streamlined economies of scale. Other, more experimental storage technologies, such as fuel cells, flywheels, or massive batteries, are not close to reaching cost parity with CAES installations. In sum, these trends act as drivers in support of a developing and persistent CAES market. Viable CAES markets will re-emerge in the near term, gaining stability as the technology gains traction, and additional projects come on line, through 2014.

CAES Compressed Air Energy Storage Worldwide contains comprehensive data on the global market for CAES technologies, including historic (2004-2009) and forecast (2010-2014) market size data, broken down in terms of CAES components - including the CAES compression subsystem, storage subsystem, and the expansion/generation subsystem. The report identifies key trends affecting the marketplace, along with trends driving growth, and also profiles major technology providers, and end user characteristics.

Report Methodology

The information in CAES Compressed Air Energy Storage Worldwide is based on data from the U.S. Department of Energy, Energy Information Administration, European Commission, Princeton University, American Wind Energy Association, U.S. national laboratories, the California Energy Commission, U.S. and global energy research institutions, utilities, CAES manufacturers, CAES engineers, along with information from trade associations, business journals, company literature and websites, Securities and Exchange Commission reportings, and research services such as Simmons Market Research Bureau.

What You’ll Get in This Report

CAES Compressed Air Energy Storage Worldwide makes important predictions and recommendations regarding the future of this market, and pinpoints ways current and prospective players can capitalize on current trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that CAES Compressed Air Energy Storage Worldwide offers. Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.

How You’ll Benefit from This Report

If your company is already doing business in the CAES technologies and services market, or is considering making the leap, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market for CAES technologies, as well as projected markets and trends through 2014.

This report will help:
  • Marketing managers identify market opportunities and develop targeted promotion plans for CAES technologies and services.
  • Research and development professionals stay on top of competitor initiatives and explore demand for CAES technologies and services.
  • Advertising agencies working with clients in the energy storage and renewable energy industries to understand the market for CAES, the application of CAES technologies, and the CAES procurement process, to develop messages and images that compel consumers to invest in CAES.
  • Business development executives understand the dynamics of the market and identify possible partnerships.
  • Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively.
CHAPTER 1: EXECUTIVE SUMMARY

Scope
Utility-Scale Grid Energy Storage and CAES
  Figure 1-1: Operations Schematic for Utility Scale Grid Energy Storage Technologies
  Figure 1-2: Compressed Air Energy Storage (CAES) System

CAES Applications and Potential
  Renewable Energy and CAES
  Figure 1-3: Intermittent Renewable Energy Generating Capacity in the United States (1984-2014) (MW); Projected 2010-2014

CAES Market Origins and History
Proposed CAES Projects
  Table 1-1: Proposed CAES Projects

Factors Affecting Market Size and Growth
Product Trends and Pricing
Industry Trends
Power Project Financing Trends
Power and Energy Market Trends
  Figure 1-4: Total Annual U.S. Electricity Consumption in Thousands of GWh (2004-2009; U.S. projection 2010-2014)

Regulatory Support and Incentives for CAES
  Figure 1-5: U.S. State RPSs in Effect (by year; 1997-2009)

CAES End Users and Operators
Summary

CHAPTER 2: OVERVIEW OF COMPRESSED AIR ENERGY STORAGE

Scope
Utility-Scale Grid Energy Storage Technologies
  Figure 2-1: Operations Schematic for Utility Scale Grid Energy Storage Technologies
  Compressed Air Energy Storage
  Figure 2-2: Operations Schematic for Utility Scale CAES Facility
  Pumped Hydroelectric Storage
  Figure 2-3: Operations Schematic for Utility Scale PHS Facility

CAES System Operation
  Figure 2-4: Standard Gas Turbine
  Figure 2-5: Compressed Air Energy Storage (CAES) System

CAES System Components
  Electric Motors
  Air Compressors
  Intercoolers, Aftercoolers
  Wellhead/Piping
  Compressed Air Storage
  Expanders
  Combustion Chamber
  Recuperators
  Generators
  Emerging Technology CAES Components

Grid Generation Management, Scheduling, and Energy Storage
  Grid Generation
  Figure 2-6: Load Curves for a Typical Electrical Power Grid
  Power Purchasing and Scheduling
  The Grid and Energy Storage

CAES Applications and Potential
  Power Market and Load Arbitrage
  Localized and Regionally-Distributed Power Generation
  Renewable Energy Load-Following

CAES and Competing Utility-Scale Energy Storage and Load-Following Power Generation Technologies
  CAES and PHS
  Figure 2-7: U.S. Map of Utility-Scale Wind Power Resources and CAES-Sui Geologies
  CAES and Single-Cycle Gas Turbines
  Summary

CHAPTER 3: MARKET SIZE AND GROWTH

Scope
Market Assessment Methodology
  Table 3-1: CAES Project Categories for Market Assessment

Market Origins and History
  Huntorf
  McIntosh
  CAES Product and System Development

CAES Facility Projects
  Iowa Stored Energy Park
  NYSEG CAES Facility
  PG&E CAES Facility
  Norton
  ADELE
  EnBW CAES Facility
  Gaelectric Projects
  Table 3-2: Montana Transmission Projects
  Shell WindEnergy Texas Panhandle Wind Farm
  Ridge Energy Storage Projects

Present Market Structure
Factors Affecting Market Size and Growth
  Technological Precedents / Industry and Governmental R&D
  Grid Demand (Load) Growth
  Transmission System Upgrades & Modernization
  Renewable Power Growth
  Figure 3-1: California Operational Solar and Wind Power Capacity in Megawatts (MW) (1979-2009)
  Figure 3-2: New York Operational Wind Power Capacity in Megawatts (MW) (1999-2009)
  Figure 3-3: Texas Operational Wind Power Capacity in Megawatts (MW) (1994-2009)
  Figure 3-4: Iowa and Minnesota Operational Wind Power Capacities in Megawatts (MW) (1994-2009)

Compressed Air Energy Storage Market Size
  High vs. Low Market Projections
  Compression Subsystem Market Size
  Figure 3-5: CAES Compression Subsystem Market Size (2009-2014) (in million $)
  Storage Subsystem Market Size
  Figure 3-6: CAES Storage Subsystem Market Size (2009-2014) (in million $)
  Expansion/Generation Subsystem Market Size
  Figure 3-7: CAES Expansion/Generation Subsystem Market Size (2009-2014) (in million $)
  Total CAES System Market Size
  Figure 3-8: Total CAES System Market Size (2009-2014) (in million $)

Summary

CHAPTER 4: MARKET AND PRODUCT TRENDS

Scope
Product Trends and Pricing
  Air Compressors
  Motors/Generators
  Compressed Air Storage/Well Infrastructure/Piping
  Expanders/Combustion Chambers
  Recuperators/Heat Exchangers

Industry Trends
Power Project Financing Trends
  Public Utilities
  Independent Power Producers

Power and Energy Market Trends
  Price Trends for Peak Power
  Figure 4-1: Total Annual U.S. Electricity Consumption in Thousands of GWh (2004-2009; U.S. projection 2010-2014)
  Figure 4-2: Texas - ERCOT South Zone Day-Ahead Peak Power Prices by Monthly Average (2006-2009)
  Figure 4-3: Ohio - Dayton PJM Hub Day-Ahead Peak Power Prices by Monthly Average (2005-2009)
  Figure 4-4: California - SP 15 CAISO Hub Day-Ahead Peak Power Prices by Monthly Average (2005-2009)
  Price Trends for Consumer Electricity
  Figure 4-5: Annual Electricity Consumption in Thousands of GWh in the United States and Germany (2004-2009)
  Figure 4-6: Retail Electricity Prices in the United States (¢/kWh) by Consumer Sector (2004-2009; projected 2010-2011)
  Figure 4-7: Retail Electricity Prices in Germany (€/kWh) by Consumer Sector (2004-2009)
  Costs and Price Trends for Natural Gas
  Figure 4-8: Power Generation Natural Gas Cost in the United States ($/million Btu) (2004-2009; projected 2010-2011)
  Figure 4-9: Gas Natural Gas Price for Industrial Sector in Germany (€/Gigajoule [GJ]) (2002-2009); supply data available only through 2008
  Peaking Power Plant Installation Rates and Trends
  Figure 4-10: Combustion Gas Turbines by Annual Installed Capacity and Cumulative Installed Capacity in the United States (1953-2008) (MW)
  Deregulated Market Trends
  Renewable Energy and Power Markets
  Current Power Market Value of Utility-Scale Energy Storage

Regulatory Support and Incentives for CAES
  Renewable Portfolio Standards
  Figure 4-11: U.S. State RPSs in Effect (by year; 1997-2009)
  Figure 4-12: In-State Intermittent Renewable (Solar and Wind) Energy Generation (Gigawatt-hours) (1997-2009)
  Figure 4-13: Intermittent Renewable (Solar and Wind) Percentage of Total In-State System Generation (% of Total Gigawatt-hours) (1997-2009)
  Figure 4-14: Wind Energy Generation (Gigawatt-hours) in Germany and Select German States (1991-2008)
  Figure 4-15: Wind Energy Generation Percentage out of Total Generation in Germany and Select German States (% of Total Gigawatt-hours) (1991-2008)

Environmental Concerns and the Green Movement
Summary

CHAPTER 5: CAES PRODUCTS - PROMOTION AND DISTRIBUTION

Scope
CAES Research, Development, and Demonstration (RD&D)
  Private Sector RD&D
  Government Involvement in RD&D

Public and Utility Customer Outreach
CAES Product Promotion
CAES Product Distribution
  Figure 5-1: CAES Production: Distribution Chain

Summary

CHAPTER 6: COMPETITIVE PROFILES

Scope
Methodology and Selection of Profiles
Alstom Power
  Corporate Background
  Product Portfolio
  Performance
  Figure 6-1: Annual Revenues of Alstom Power, 2005-2009 (in billion €)
  Company News
  Acquisitions and Divestitures
  Innovation
  Outlook

API Heat Transfer
  Corporate Background
  Product Portfolio
  Table 6-1: API Heat Transfer’s Product and Brand Portfolio for CAES Equipment
  Performance

Dresser-Rand
  Corporate Background
  Product Portfolio
  Table 6-2: Dresser-Rand’s Product and Brand Portfolio for CAES Equipment
  Performance
  Figure 6-2: Annual Revenues of Dresser-Rand, 2004-2008 (in billion $)
  Company News
  Acquisitions and Divestitures
  Innovation
  Outlook
  Personnel Changes

GE Energy
  Corporate Background
  Product Portfolio
  Table 6-3: GE Energy’s Product and Brand Portfolio for CAES Equipment
  Performance
  Figure 6-3: Annual Energy Infrastructure Revenues of General Electric, 2004-2008 (in billion $)
  Company News
  Acquisitions and Divestitures
  Innovation
  Outlook
  Personnel Changes

MAN Turbo
  Corporate Background
  Product Portfolio
  Table 6-4: MAN Turbo’s Product and Brand Portfolio for CAES Equipment
  Performance
  Figure 6-4: Annual Revenues of MAN Turbo, 2004-2008 (in billion €)
  Company News
  Mergers, Acquisitions and Divestitures
  Innovation
  Outlook
  Personnel Changes

Siemens Energy
  Corporate Background
  Product Portfolio
  Performance
  Figure 6-5: Annual Revenues of Siemens Energy, 2005-2009 (in billion €)
  Company News
  Mergers, Acquisitions and Divestitures
  Innovation
  Outlook
  Personnel Changes

SolarCAT
  Corporate Background
  Product Portfolio
  Company News
  Outlook

SSS Gears
  Corporate Background
  Product Portfolio
  Performance

Struthers Wells
  Corporate Background
  Product Portfolio

Performance
  Company News
  Acquisitions and Divestitures
  Innovation
  Outlook
  Personnel Changes

SustainX
  Corporate Background
  Product Portfolio
  Performance

CHAPTER 7: END USERS

Scope
CAES End Users and Operators
  Public Utilities
  Independent Power Producers

Summary

APPENDIX: Contact Information for Select CAES Suppliers and Technical Experts

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