The Global Compressed Air Energy Storage Market Report 2015
The rapidly increasing penetration of intermittent renewable energy on grids worldwide and volatility of load profiles are encouraging demand for long duration energy storage. Aside from pumped hydro, compressed air energy storage (CAES) is the only commercial long duration storage technology to have been deployed at utility scale. As a result, demand for traditional underground CAES that can be deployed at bulk scale, which has been dormant since 1991, will pick up meaningfully over the next few years.
The unique siting requirements of traditional underground CAES, however, present substantial development risk and limit the technology’s outlook. Higher efficiency, next-generation CAES technologies that are not limited by geological considerations are on the cusp of commercialization, and are well positioned to address the gap in availability of long duration energy storage technology that can be sited where needed.
Why you should buy The Global Compressed Air Energy Storage Market 2015
The unique siting requirements of traditional underground CAES, however, present substantial development risk and limit the technology’s outlook. Higher efficiency, next-generation CAES technologies that are not limited by geological considerations are on the cusp of commercialization, and are well positioned to address the gap in availability of long duration energy storage technology that can be sited where needed.
Why you should buy The Global Compressed Air Energy Storage Market 2015
- 121 pages of comprehensive analysis
- 37 tables, charts, and graphs quantifying the market in detail
- Global Compressed Air Energy Storage market forecasts between 2015 and 2020
- Outlooks for selected Compressed Air Energy Storage markets including:
- North America
- Europe
- Asia-Pacific
- A Drivers & Restraints analysis examining the Compressed Air Energy Storage market
- 30 key companies identified and profiled operating within the Compressed Air Energy Storage market.
Executive Summary
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Introduction to the Compressed Air Energy Storage Market
Table 1: CAES Technology Outlook
What are Utility-Scale Electricity Storage Technologies?
Compressed Air Energy Storage Technologies
Figure 1: Huntorf CAES Facility
Figure 2: McIntosh CAES Facility
Figure 3: Schematic Representation of a CAES System
Air Compressors
Figure 4: Axial Air Compressor (left) and Radial Air Compressor (right)
Intercoolers and Aftercoolers
Recuperators
Expanders
Figure 5: Air Expander
Gas Turbine
Figure 6: Standard Gas Turbine with Compressor Section
Generators
Figure 7: McIntosh Gas Turbine (bottom), Generator (top), and Exhaust (right)
Utility Applications
Table 2: Utility Applications of CAES
Emerging Utility-scale Electricity Storage Technologies
Figure 8: Comparisons of PHS, CAES, and Emerging Technologies
Overview of Small-Scale and Emerging Technologies
CAES Heat Storage and Advanced Adiabatic CAES
Review of Relevant Emerging Technologies and Potential for Market Readiness
Figure 9: Comparison of CAES, and Other Energy Storage Technologies
CAES Industry Organization
Figure 10: Industry Structure for Procurement/Installation of CAES Technologies
Utility-scale electricity storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Global SWOT of Industry
Strengths
Weaknesses
Opportunities
Threats
Global CAES Industry Outlook
Table 3: Global CAES Market Forecast 2011-2020 ($m, AGR %)
Figure 11: Global CAES Market Forecast 2011-2020 ($m)
CAES Compression Train
Table 4: Global CAES Compression Train Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 12: Global CAES Compression Train Sub-Market Forecast 2011-2020 ($m)
CAES Expansion/ Generation
Table 5: Global CAES Expansion/ Generation Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 13: Global CAES Expansion/ Generation Sub-Market Forecast 2011-2020 ($m)
CAES Storage Vessel
Table 6: Global CAES Storage Vessel Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 14: Global CAES Storage Vessel Sub-Market Forecast 2011-2020 ($m)
Drivers & Restraints of the Compressed Air Energy Storage Market
Drivers Compressed Air Energy Storage Market
Benefits of Utility-scale Electricity Storage Technologies
Grid benefits
Load Levelling
Figure 15: Stylized Representation of a Daily Load Curve
Capacity Factor/Dispatch for Intermittent Renewables
Peaking Power Support
Offset of Needed Peaking Power Generation Capacity
Offset of Needed Renewable Generation Capacity
Economic Benefits
Energy Arbitrage
Investment Deferral
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.)
Restraints of the Compressed Air Energy Storage Market
Challenges For implementing Large Scale EES
Costs and Economic Viability
High Capital Cost for Compressed Air Energy Storage System
Drawbacks of Utility-scale Electricity Storage Technologies
Physical Constraints and Land Requirements
Environmental Concerns
Energy Loss During Storage
Economic Risk
Regional Market Outlook
Table 7: North America Compressed Air Energy Storage Market Forecast 2011-2020 ($m, AGR %)
North America Compressed Air Energy Storage Market
Figure 16: North America Compressed Air Energy Storage Market Forecast 2011-2020 ($m)
Major Industry Players
Table 8: Major North American UES component manufacturers and engineers
Major North American UES Industry Facets
Table 9: North American CAES Proposed CAES Projects since 2010 (MW)
Key Drivers for the North American Market
Figure 17: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
European Compressed Air Energy Storage Market
Table 10: European Compressed Air Energy Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 18: European Compressed Air Energy Storage Market Forecast 2011-2020 ($m)
Industry Trends
Table 11: Major European UES component manufacturers and engineers
Major European UES Industry Facets
Table 12: European CAES Announced CAES Projects since 2007 (MW)
Key Drivers for the European Market
Figure 19: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
Table 13: Asia-Pacific Compressed Air Energy Storage Market Forecast 2011-2020 ($m, AGR %)
Asia-Pacific Compressed Air Energy Storage Market
Figure 20: Asia-Pacific Compressed Air Energy Storage Market Forecast 2011-2020 ($m)
Major Asian UES Industry Facets
Figure 21: Distribution of Saline Deposits Suitable for CAES Development
Regulatory Developments
United States Regulatory Support and Incentives
Federal
U.S. Internal Revenue Service
Renewable Electricity Production Tax Credit
Table 14: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh)
Figure 22: impact of production tax credit expiration and extension on U.S. annual installed wind capacity
Qualifying Advanced Energy Manufacturing Investment Tax Credit Phase III
Clean Renewable Energy Bonds
Qualified Energy Conservation Bonds
U.S. Department of the Treasury
Renewable Energy Grants
U.S. Department of Energy
Green Power Purchasing Goal
Loan Guarantee Program
Innovative Technology Loan Guarantee Program
Temporary Loan Guarantee Program
Smart Grid Investment Grant Program
International Regulatory Support and Incentives: Europe
European Union
EU Climate and Energy Package: Renewable Energy Targets
An Energy Policy for Europe
European Council Action Plan (2007–2009) Energy Policy for Europe
Seventh Framework Program for Research and Technological Development
Table 15: Energy Research Under
International Regulatory Support and Incentives: Asia-Pacific
Australia
Renewable Energy Target
Clean Energy Program
China
India
Indonesia
New Zealand
Thailand
Company Profiles
Key Vendors
Dresser-Rand Group
General Compression
Hydrostor
LightSail Energy
SustainX
Other Prominent CAES Vendors
Apex CAES
Bright Energy Storage Technologies
Gaelectric
Pacific Gas and Electric Company
Significant Component Provider
AES Energy Storage LLC
ALMiG Kompressoren GmbH
Alstom Power
Ambri Inc
American Vanadium Corp
Ansaldo Energia
American Precision Industries (API)
Atlas Copco Gas & Process GMBH
Bauer Kompressoren GMBH
Brayton Energy, LLC
BTEC Turbines, LP
Elliott CO
GE Energy
MAN Diesel & Turbo SE
Maxwell Technologies, Inc
Parker Hannifin
R&D Dynamics Corp.
Siemens Energy
Solar Turbines, Inc.
SSS Gears
Struthers Wells
Conclusions
Glossary Of Terms
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
COMPANIES MENTIONED
AES Energy Storage LLC
ALMiG Kompressoren GmbH
Alstom Power
Ambri Inc
American Vanadium Corp
Ansaldo Energia
American Precision Industries (API)
Atlas Copco Gas & Process GMBH
Bauer Kompressoren GMBH
Brayton Energy, LLC
BTEC Turbines, LP
Dresser-Rand Group
Elliott CO
GE Energy
General Compression
Hydrostor
LightSail Energy, Inc
MAN Diesel & Turbo SE
Maxwell Technologies, Inc
Pacific Gas and Electric
Parker Hannifin
R&D Dynamics Corp.
Siemens Energy
Solar Turbines Inc
SSS Gears
Struthers Wells
SustainX
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Introduction to the Compressed Air Energy Storage Market
Table 1: CAES Technology Outlook
What are Utility-Scale Electricity Storage Technologies?
Compressed Air Energy Storage Technologies
Figure 1: Huntorf CAES Facility
Figure 2: McIntosh CAES Facility
Figure 3: Schematic Representation of a CAES System
Air Compressors
Figure 4: Axial Air Compressor (left) and Radial Air Compressor (right)
Intercoolers and Aftercoolers
Recuperators
Expanders
Figure 5: Air Expander
Gas Turbine
Figure 6: Standard Gas Turbine with Compressor Section
Generators
Figure 7: McIntosh Gas Turbine (bottom), Generator (top), and Exhaust (right)
Utility Applications
Table 2: Utility Applications of CAES
Emerging Utility-scale Electricity Storage Technologies
Figure 8: Comparisons of PHS, CAES, and Emerging Technologies
Overview of Small-Scale and Emerging Technologies
CAES Heat Storage and Advanced Adiabatic CAES
Review of Relevant Emerging Technologies and Potential for Market Readiness
Figure 9: Comparison of CAES, and Other Energy Storage Technologies
CAES Industry Organization
Figure 10: Industry Structure for Procurement/Installation of CAES Technologies
Utility-scale electricity storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Global SWOT of Industry
Strengths
Weaknesses
Opportunities
Threats
Global CAES Industry Outlook
Table 3: Global CAES Market Forecast 2011-2020 ($m, AGR %)
Figure 11: Global CAES Market Forecast 2011-2020 ($m)
CAES Compression Train
Table 4: Global CAES Compression Train Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 12: Global CAES Compression Train Sub-Market Forecast 2011-2020 ($m)
CAES Expansion/ Generation
Table 5: Global CAES Expansion/ Generation Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 13: Global CAES Expansion/ Generation Sub-Market Forecast 2011-2020 ($m)
CAES Storage Vessel
Table 6: Global CAES Storage Vessel Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 14: Global CAES Storage Vessel Sub-Market Forecast 2011-2020 ($m)
Drivers & Restraints of the Compressed Air Energy Storage Market
Drivers Compressed Air Energy Storage Market
Benefits of Utility-scale Electricity Storage Technologies
Grid benefits
Load Levelling
Figure 15: Stylized Representation of a Daily Load Curve
Capacity Factor/Dispatch for Intermittent Renewables
Peaking Power Support
Offset of Needed Peaking Power Generation Capacity
Offset of Needed Renewable Generation Capacity
Economic Benefits
Energy Arbitrage
Investment Deferral
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.)
Restraints of the Compressed Air Energy Storage Market
Challenges For implementing Large Scale EES
Costs and Economic Viability
High Capital Cost for Compressed Air Energy Storage System
Drawbacks of Utility-scale Electricity Storage Technologies
Physical Constraints and Land Requirements
Environmental Concerns
Energy Loss During Storage
Economic Risk
Regional Market Outlook
Table 7: North America Compressed Air Energy Storage Market Forecast 2011-2020 ($m, AGR %)
North America Compressed Air Energy Storage Market
Figure 16: North America Compressed Air Energy Storage Market Forecast 2011-2020 ($m)
Major Industry Players
Table 8: Major North American UES component manufacturers and engineers
Major North American UES Industry Facets
Table 9: North American CAES Proposed CAES Projects since 2010 (MW)
Key Drivers for the North American Market
Figure 17: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
European Compressed Air Energy Storage Market
Table 10: European Compressed Air Energy Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 18: European Compressed Air Energy Storage Market Forecast 2011-2020 ($m)
Industry Trends
Table 11: Major European UES component manufacturers and engineers
Major European UES Industry Facets
Table 12: European CAES Announced CAES Projects since 2007 (MW)
Key Drivers for the European Market
Figure 19: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES
Table 13: Asia-Pacific Compressed Air Energy Storage Market Forecast 2011-2020 ($m, AGR %)
Asia-Pacific Compressed Air Energy Storage Market
Figure 20: Asia-Pacific Compressed Air Energy Storage Market Forecast 2011-2020 ($m)
Major Asian UES Industry Facets
Figure 21: Distribution of Saline Deposits Suitable for CAES Development
Regulatory Developments
United States Regulatory Support and Incentives
Federal
U.S. Internal Revenue Service
Renewable Electricity Production Tax Credit
Table 14: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh)
Figure 22: impact of production tax credit expiration and extension on U.S. annual installed wind capacity
Qualifying Advanced Energy Manufacturing Investment Tax Credit Phase III
Clean Renewable Energy Bonds
Qualified Energy Conservation Bonds
U.S. Department of the Treasury
Renewable Energy Grants
U.S. Department of Energy
Green Power Purchasing Goal
Loan Guarantee Program
Innovative Technology Loan Guarantee Program
Temporary Loan Guarantee Program
Smart Grid Investment Grant Program
International Regulatory Support and Incentives: Europe
European Union
EU Climate and Energy Package: Renewable Energy Targets
An Energy Policy for Europe
European Council Action Plan (2007–2009) Energy Policy for Europe
Seventh Framework Program for Research and Technological Development
Table 15: Energy Research Under
International Regulatory Support and Incentives: Asia-Pacific
Australia
Renewable Energy Target
Clean Energy Program
China
India
Indonesia
New Zealand
Thailand
Company Profiles
Key Vendors
Dresser-Rand Group
General Compression
Hydrostor
LightSail Energy
SustainX
Other Prominent CAES Vendors
Apex CAES
Bright Energy Storage Technologies
Gaelectric
Pacific Gas and Electric Company
Significant Component Provider
AES Energy Storage LLC
ALMiG Kompressoren GmbH
Alstom Power
Ambri Inc
American Vanadium Corp
Ansaldo Energia
American Precision Industries (API)
Atlas Copco Gas & Process GMBH
Bauer Kompressoren GMBH
Brayton Energy, LLC
BTEC Turbines, LP
Elliott CO
GE Energy
MAN Diesel & Turbo SE
Maxwell Technologies, Inc
Parker Hannifin
R&D Dynamics Corp.
Siemens Energy
Solar Turbines, Inc.
SSS Gears
Struthers Wells
Conclusions
Glossary Of Terms
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
COMPANIES MENTIONED
AES Energy Storage LLC
ALMiG Kompressoren GmbH
Alstom Power
Ambri Inc
American Vanadium Corp
Ansaldo Energia
American Precision Industries (API)
Atlas Copco Gas & Process GMBH
Bauer Kompressoren GMBH
Brayton Energy, LLC
BTEC Turbines, LP
Dresser-Rand Group
Elliott CO
GE Energy
General Compression
Hydrostor
LightSail Energy, Inc
MAN Diesel & Turbo SE
Maxwell Technologies, Inc
Pacific Gas and Electric
Parker Hannifin
R&D Dynamics Corp.
Siemens Energy
Solar Turbines Inc
SSS Gears
Struthers Wells
SustainX
