Rapid development in the renewable energy sector require energy storage facilities. Currently, pumped storage power plants provide the most large-scale storage in the world. Another option for large-scale system storage is compressed air energy storage (CAES). This paper discusses a particular case of CAES-an adiabatic underwater energy storage system based on compressed air-and its evaluation using advanced exergy analysis. The energy storage system is charged during the valleys of load and discharged at peaks. The model was built using Aspen HYSYS software. Advanced exergy analysis revealed interactions between system components and the potential for improving both system components individually and the system as a whole. The most significant reduction in exergy destruction can be achieved with heat exchangers. The round-trip efficiency of this system is 64.1% and 87.9% for real and unavoidable operation conditions, respectively.
Keywords: advanced exergy analysis; energy storage; exergy analysis; underwater compressed air energy storage.