NB: In our intelligence brief, we incorrectly stated that L’Azienda Elettrica Ticinese had pulled its investment out of ALACAES and that Airlight Energy had run into technical problems. This version corrects both statements.
By Jason Deign
ALACAES, of Lugano, Switzerland, is seeking institutional partners and investors to create the world’s first high-pressure advanced adiabatic compressed air energy storage (CAES) plant.
The company is looking for between USD$4m and $6m in funding to build a demonstration plant operating at 90 to 100 bar after proving its technology with a 7-bar pilot last year.
The 2016 pilot, with a capacity of 1MWh and a power rating of 600kW, was the first adiabatic CAES plant in the world, according to ALACAES.
On its website, the US Energy Storage Association (ESA) notes: “Advanced-adiabatic compressed air energy storage (AA-CAES) is an evolution of traditional CAES, designed to deliver higher efficiencies.
“Operation is similar to traditional CAES in that energy is stored by compressing air with turbomachinery and storing in an underground cavern. The difference lies in the treatment of the heat of compression.”
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