Compressed Air Energy Storage (CAES) is a form of energy storage that uses compressed air to store energy. The air is compressed and stored in underground caverns, aquifers, or tanks. When energy is needed, the compressed air is released and used to drive a turbine, which generates electricity. CAES is a cost-effective way to store energy and can be used to balance the supply and demand of electricity on the grid. It is also a renewable energy source, as the air is not consumed during the process. CAES is a relatively new technology, but it is gaining traction in the energy storage market. It is seen as a viable alternative to other forms of energy storage, such as batteries and pumped hydro. It is also seen as a way to reduce emissions from the electricity grid. Some companies in the CAES market include General Compression, SustainX, and Hydrostor. Show Less Read more
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