energy storage solutions for an intelligent future, keith mcgrane, future european perspective for...
TRANSCRIPT
![Page 1: Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy Storage (CAES)](https://reader033.vdocuments.net/reader033/viewer/2022060115/55796988d8b42a3a5c8b4b11/html5/thumbnails/1.jpg)
Gaelectric Energy Storage
22nd November 2013
Future European Perspective for Compressed Air Energy Storage (CAES)
Keith McGrane
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Society Power
High Renewables
Energy
Reserves
~5% 10+%
Renewables Integration
Reserves
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Wind output falls
50% Technical limit
Penetration Ramps
Curtailment
Illustrating the Business Case
Value is the economic efficiency of flexible reserves
Typical week
Night-Time Wind Day-Time Wind
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Not only Ireland
• Britain – imposed its own 50% technical limit
• Germany – greater number of stop-starts, reducing reserve availability levels, curtailment
• Spain – curtailment, severe morning ramping, cycling
• Italy – reduction of 25-30% reserve levels over the past 4-years
How to lose half a trillion euros
Europe’s electricity providers face an existential threat
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World PH (x1000MW)
120
100
80
60
40
20
Year
1960 1970 1980 1990 2000
World Nuclear
(x1000MW)
350
300
250
200
150
100
50
Nuclear
PH
Oil Crisis CAES 1978
2010
We Have Been Here Before
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Video Insert
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Larne CAES Project – Leading the way
Ballylumford, Moyle I/C, SNIP
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Larne 268MW Project • Numerous flexible reserve services • Drilling in progress to provide data for final cavern design
Planning submission Q2 2014 Financial Close 2015 Operations 2017
13 Artist impression
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Value Proposition
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