Title: Compressed Air Energy Storage Market Growth, Demand & Opportunities - PowerPoint PPT Presentation

Description: Energy generated from such sources however, need to be stored for meeting the demands. Energy storage systems are therefore of great importance when it comes to utilizing renewable energy. It is because of these factors that the global compressed air energy storage (CAES) market is expected to advance at a substantial pace in the years to come. Like other energy storage systems, the purpose of CAES systems is to aid in managing the supply of electricity in the grid. The compressed air energy storage market is also predicted to register growth in the coming years because the demand for efficient energy storage systems has been increasing rapidly. Conventionally diabatic energy storage systems were being used, however, their efficiency is quite low as compared to other storage systems, such as adiabatic CAES. While adiabatic energy storage systems are more efficient, about 20% more, than their counterparts, they are still in the developmental phase. – PowerPoint PPT presentation