Renewable energy sources like solar and wind are vital for a carbon-free future, but storing their excess energy remains a challenge. Compressed air energy storage (CAES) is emerging as a promising solution.
Unlike conventional CAES systems, which face geographical limitations and energy loss issues, our “Advanced” CAES uses subsurface hard-rock caverns and water reservoirs, improving efficiency and reducing space requirements.
With a 60% efficiency rate, our technology shows promise, with operational facilities in Toronto and Goderich, Ontario, and plans for larger projects worldwide.
Whether CAES becomes the key to achieving 100% renewable energy depends on further investment and technological advancements.
