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  5. > I&R - The Global Compressed Air Energy Storage Market Report 2016

I&R - The Global Compressed Air Energy Storage Market Report 2016

  • May 2016
  • -
  • Investment and Research
  • -
  • 121 pages

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 2016

- 121 pages of comprehensive analysis
- 37 tables, charts, and graphs quantifying the market in detail
- Global Compressed Air Energy Storage market forecasts between 2016 and 2026
- 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.

You can order this report today and discover the latest market trends and uncover sources of future market growth for the Compressed Air Energy Storage industry and gain an understanding of how to tap into the potential of this market by ordering The Global Compressed Air Energy Storage Market 2016.

Table Of Contents

IandR - The Global Compressed Air Energy Storage Market Report 2016
Executive Summary 11
Benefits of the Report 12
Intended Audience 12
Report Contributors 12
Methodology 13
Introduction to the Compressed Air Energy Storage Market 14
Table 1: CAES Technology Outlook 14
What are Utility-Scale Electricity Storage Technologies? 15
Compressed Air Energy Storage Technologies 16
Figure 1: Huntorf CAES Facility 17
Figure 2: McIntosh CAES Facility 17
Figure 3: Schematic Representation of a CAES System 18
Air Compressors 19
Figure 4: Axial Air Compressor (left) and Radial Air Compressor (right) 19
Intercoolers and Aftercoolers 20
Recuperators 20
Expanders 20
Figure 5: Air Expander 21
Gas Turbine 21
Figure 6: Standard Gas Turbine with Compressor Section 22
Generators 22
Figure 7: McIntosh Gas Turbine (bottom), Generator (top), and Exhaust (right) 23
Utility Applications 23
Table 2: Utility Applications of CAES 24
Emerging Utility-scale Electricity Storage Technologies 24
Figure 8: Comparisons of PHS, CAES, and Emerging Technologies 25
Overview of Small-Scale and Emerging Technologies 25
CAES Heat Storage and Advanced Adiabatic CAES 25
Review of Relevant Emerging Technologies and Potential for Market Readiness 26
Figure 9: Comparison of CAES, and Other Energy Storage Technologies 27
CAES Industry Organization 27
Figure 10: Industry Structure for Procurement/Installation of CAES Technologies 28
Utility-scale electricity storage Developers 28
Engineering and Project Management Contractors 29
Component Manufacturers and Fabricators 30
Construction and Procurement Contractors 30
Raw Materials Producers 31
Global SWOT of Industry 32
Strengths 32
Weaknesses 32
Opportunities 32
Threats 32
Global CAES Industry Outlook 33
Table 3: Global CAES Market Forecast 2016-2026 ($m, AGR %) 33
Figure 11: Global CAES Market Forecast 2016-2026 ($m) 33
CAES Compression Train 35
Table 4: Global CAES Compression Train Sub-Market Forecast 2016-2026 ($m, AGR %) 35
Figure 12: Global CAES Compression Train Sub-Market Forecast 2016-2026 ($m) 35
CAES Expansion/ Generation 36
Table 5: Global CAES Expansion/ Generation Sub-Market Forecast 2016-2026 ($m, AGR %) 36
Figure 13: Global CAES Expansion/ Generation Sub-Market Forecast 2016-2026 ($m) 36
CAES Storage Vessel 37
Table 6: Global CAES Storage Vessel Sub-Market Forecast 2016-2026 ($m, AGR %) 37
Figure 14: Global CAES Storage Vessel Sub-Market Forecast 2016-2026 ($m) 37
Drivers and Restraints of the Compressed Air Energy Storage Market 38
Drivers Compressed Air Energy Storage Market 38
Benefits of Utility-scale Electricity Storage Technologies 38
Grid benefits 38
Load Levelling 38
Figure 15: Stylized Representation of a Daily Load Curve 39
Capacity Factor/Dispatch for Intermittent Renewables 40
Peaking Power Support 41
Offset of Needed Peaking Power Generation Capacity 41
Offset of Needed Renewable Generation Capacity 42
Economic Benefits 43
Energy Arbitrage 43
Investment Deferral 43
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.) 44
Restraints of the Compressed Air Energy Storage Market 44
Challenges For implementing Large Scale EES 45
Costs and Economic Viability 46
High Capital Cost for Compressed Air Energy Storage System 46
Drawbacks of Utility-scale Electricity Storage Technologies 47
Physical Constraints and Land Requirements 47
Environmental Concerns 48
Energy Loss During Storage 48
Economic Risk 49
Regional Market Outlook 50
Table 7: North America Compressed Air Energy Storage Market Forecast 2016-2026 ($m, AGR %) 50
North America Compressed Air Energy Storage Market 50
Figure 16: North America Compressed Air Energy Storage Market Forecast 2016-2026 ($m) 50
Major Industry Players 51
Table 8: Major North American UES component manufacturers and engineers 51
Major North American UES Industry Facets 51
Table 9: North American CAES Proposed CAES Projects since 2010 (MW) 52
Key Drivers for the North American Market 52
Figure 17: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES 53
European Compressed Air Energy Storage Market 55
Table 10: European Compressed Air Energy Storage Market Forecast 2016-2026 ($m, AGR %) 55
Figure 18: European Compressed Air Energy Storage Market Forecast 2016-2026 ($m) 55
Industry Trends 56
Table 11: Major European UES component manufacturers and engineers 56
Major European UES Industry Facets 56
Table 12: European CAES Announced CAES Projects since 2010 (MW) 57
Key Drivers for the European Market 57
Figure 19: Co-Occurrence of Wind Resources and Geologic Formations Suitable to CAES 58
Table 13: Asia-Pacific Compressed Air Energy Storage Market Forecast 2016-2026 ($m, AGR %) 60
Asia-Pacific Compressed Air Energy Storage Market 60
Figure 20: Asia-Pacific Compressed Air Energy Storage Market Forecast 2016-2026 ($m) 60
Major Asian UES Industry Facets 61
Figure 21: Distribution of Saline Deposits Suitable for CAES Development 62
Regulatory Developments 64
United States Regulatory Support and Incentives 65
Federal 66
U.S. Internal Revenue Service 66
Renewable Electricity Production Tax Credit 66
Table 14: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh) 67
Figure 22: impact of production tax credit expiration and extension on U.S. annual installed wind capacity 68
Qualifying Advanced Energy Manufacturing Investment Tax Credit Phase III 68
Clean Renewable Energy Bonds 69
Qualified Energy Conservation Bonds 71
U.S. Department of the Treasury 72
Renewable Energy Grants 72
U.S. Department of Energy 73
Green Power Purchasing Goal 73
Loan Guarantee Program 74
Innovative Technology Loan Guarantee Program 74
Temporary Loan Guarantee Program 75
Smart Grid Investment Grant Program 75
International Regulatory Support and Incentives: Europe 76
European Union 76
EU Climate and Energy Package: Renewable Energy Targets 76
An Energy Policy for Europe 77
European Council Action Plan (2007-2009) Energy Policy for Europe 78
Seventh Framework Program for Research and Technological Development 78
Table 15: Energy Research Under 79
International Regulatory Support and Incentives: Asia-Pacific 79
Australia 80
Renewable Energy Target 80
Clean Energy Program 80
China 81
India 83
Indonesia 85
New Zealand 85
Thailand 85
Company Profiles 87
Key Vendors 87
Dresser-Rand Group 87
General Compression 88
Hydrostor 89
LightSail Energy 89
SustainX 90
Other Prominent CAES Vendors 91
Apex CAES 91
Bright Energy Storage Technologies 91
Gaelectric 92
Pacific Gas and Electric Company 93
Significant Component Provider 93
AES Energy Storage LLC 94
ALMiG Kompressoren GmbH 94
Alstom Power 95
Ambri Inc 96
American Vanadium Corp 96
Ansaldo Energia 97
American Precision Industries (API) 98
Atlas Copco Gas and Process GMBH 99
Bauer Kompressoren GMBH 100
Brayton Energy, LLC 101
BTEC Turbines, LP 102
Elliott CO 103
GE Energy 104
MAN Diesel and Turbo SE 105
Maxwell Technologies, Inc 106
Parker Hannifin 107
RandD Dynamics Corp. 108
Siemens Energy 109
Solar Turbines, Inc. 110
SSS Gears 110
Struthers Wells 111
Conclusions 113
Glossary Of Terms 114
Methodology 117
How We Generate Our Industry Forecasts 117
Disclaimer 117
Appendix A 118
Appendix B 119

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