Optimization and Economic Assessment of CAES for Enhanced Energy Solutions
摘要
This research explores the improvement of Compressed Air Energy Storage (CAES) by optimizing key variables. It provides a conclusion on identifying the most efficient set of components between motor size and gear ratio to maximize the energy yield. By adopting a factorial experimental design, this work assesses how these variables affect CAES performance. The study then leverages these optimized configurations to conduct a comparative analysis of the Levelized Cost of Storage (LCOS) for CAES against that of Lithium Iron Phosphate batteries. Findings throughout this research reveal that a medium motor and a gear ratio of 2:1 constitute the most advantageous setup for CAES, enhancing energy production. The investigation highlights the critical importance of precise component selection in CAES system design and points to the cost-effectiveness of CAES for lab-scale systems, which is offered at $4 per kilowatt-hour versus $28.66 per kilowatt-hour for battery storage, underscoring its value in large-scale energy storage scenarios.