1. Gaelectric Energy Storage
22nd November 2013
Future European Perspective for Compressed Air
Energy Storage (CAES)
Keith McGrane

4. Renewables Integration
Energy
Power
High Renewables
~5%
Reserves
Reserves
10+%
Society

5. 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

6. 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

8. 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

9. Video Insert

12. Larne CAES Project – Leading the way
Ballylumford, Moyle I/C, SNIP

13. 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

14. Value Proposition