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Compressed Air Energy Storage To Grow Dramatically Over The Next Decade

September 18, 2013

According to Navigant Research, the compressed air energy storage industry is forecast to grow drastically during the next 10 years.

“Rapidly changing energy mixes and increasing renewable energy penetration will continue to introduce instability onto electricity grids worldwide in the coming years, while the volatility of load profiles will challenge grid operators to deliver reliable and secure electricity,” says Kerry-Ann Adamson, research director with Navigant Research. “These macro conditions will drive demand for CAES, helping to rejuvenate a sector that has been largely dormant for the last two decades.”