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Gaelectric Energy Storage
22nd November 2013

Future European Perspective for Compressed Air
Energy Storage (CAES)
Keith M...
Renewables Integration

Energy
Power
High Renewables

~5%

Reserves
Reserves

10+%

Society
Illustrating the Business Case
Night-Time Wind

Day-Time Wind

50% Technical limit

Curtailment

Wind output falls

Penetr...
Not only Ireland
How to lose half a trillion euros
Europe’s electricity providers face an existential threat

•
•

•
•

Br...
We Have Been Here Before
350

Nuclear
300

World
Nuclear
(x1000MW)

120

100

250

PH

80

200

World PH
(x1000MW)

60
150...
Video Insert
Larne CAES Project – Leading the way

Ballylumford, Moyle I/C, SNIP
Larne 268MW Project
• Numerous flexible reserve services
• Drilling in progress to provide data for final cavern design

...
Value Proposition
Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy S...
Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy S...
Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy S...
Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy S...
Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy S...
Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy S...
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Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy Storage (CAES)

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Energy Storage Solutions for an Intelligent Future, Keith McGrane, Future European Perspective for Compressed Air Energy Storage (CAES)

  1. 1. Gaelectric Energy Storage 22nd November 2013 Future European Perspective for Compressed Air Energy Storage (CAES) Keith McGrane
  2. 2. Renewables Integration Energy Power High Renewables ~5% Reserves Reserves 10+% Society
  3. 3. Illustrating the Business Case Night-Time Wind Day-Time Wind 50% Technical limit Curtailment Wind output falls Penetration Ramps Typical week Value is the economic efficiency of flexible reserves
  4. 4. Not only Ireland How to lose half a trillion euros Europe’s electricity providers face an existential threat • • • • 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
  5. 5. We Have Been Here Before 350 Nuclear 300 World Nuclear (x1000MW) 120 100 250 PH 80 200 World PH (x1000MW) 60 150 40 CAES 1978 100 Oil Crisis 20 50 1960 1970 1980 1990 Year 2000 2010
  6. 6. Video Insert
  7. 7. Larne CAES Project – Leading the way Ballylumford, Moyle I/C, SNIP
  8. 8. 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 Artist impression 13
  9. 9. Value Proposition

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