Compressed air energy storage is a method for storing renewable energy by compressing air and storing it in underground caverns or above ground tanks. The document discusses several existing CAES plants including Huntorf, Germany (1978) and McIntosh, Alabama (1992). It also outlines several proposed CAES projects in locations such as Texas, Ireland, Ohio, and California. CAES provides advantages such as quick start-up times, shifting cheap off-peak energy to expensive peak times, and utilizing excess renewable energy that would otherwise be wasted.