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Title: Overview of compressed air energy storage projects and regulatory framework for energy storage
Authors: Matos, Alexandra
Silva, Patricia Pereira
Carneiro, Júlio
Editors: Cabeza, Luisa F.
Keywords: Compressed air energy storage projects
Energy storage regulatory framework
Energy storage barriers
Issue Date: Oct-2022
Publisher: Elsevier
Citation: Matos, C. R., Silva, P. P., & Carneiro, J. F. (2022). Overview of compressed air energy storage projects and regulatory framework for energy storage. Journal of Energy Storage, 55. doi:10.1016/j.est.2022.105862
Abstract: Energy storage (ES) plays a key role in the energy transition to low-carbon economies due to the rising use of intermittent renewable energy in electrical grids. Among the different ES technologies, compressed air energy storage (CAES) can store tens to hundreds of MW of power capacity for long-term applications and utility-scale. The increasing need for large-scale ES has led to the rising interest and development of CAES projects. This paper presents a review of CAES facilities and projects worldwide and an overview of the ES regulatory framework and policies. It performs two benchmarking procedures: first, a benchmark of CAES worldwide, and second a benchmark of ES regulatory frameworks, policies, drivers and barriers. It tries to understand whether the development or cancellation of CAES projects globally is in any way related to the development of ES policies. This study addresses policy perspectives and specific ES regulatory framework recommendations, contributing to public policy design in the attempt to overcome the regulatory barriers to the ES sector and influencing the deployment of ES and, specifically, CAES. Removing current regulatory barriers and establishing new and broader policies are essential to provide ES and CAES technologies with the right opportunities to develop, enhance efficiency, increase operational experience, and reduce costs.
Type: article
Appears in Collections:ICT - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica

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