A closer look at liquid air energy storage

A British-Australian research team has assessed the potential of liquid air energy storage (LAES) for large scale application. The scientists estimate that these systems may currently be built at a cost between €300 and €600 per megawatt-hour and that a positive business case could be favored by certain conditions, including a determined price structure in the energy market and the presence of a grid unable to support high levels of renewable energy penetration.A group of scientists from the University of Birmingham, in the United Kingdom, and the University of Melbourne, in Australia, has investigated, ...

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