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By using a thermo-economic analytic method, the cost-effectiveness of a compressed air energy storage system (CAES) and a supercritical one was analyzed. With the electric energy input to the system being the low valley 110 kV electric power for large-scale industries at a price of RMB 0.3099 yuan/(kW·h) and fuel gas price of RMB 2 yuan/m3 serving as an example, a calculation was performed with a simulation being conducted by using the software EES. It has been found that compared with the compressed air energy storage system, the supercritical one is more economic and effective. It can achieve the aim of regulating the load of an electric grid and enhance the economic benefit of a renewable energy source (such as wind and solar energy) power generation system.
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