> provide only about 4 to 8 hours of storage" (huh, what, why?)
Because the most efficient way to make money with a lithium ion battery (or rather the marginal opportunity after the higher return ones like putting it in a car are taken) is to charge it in the few hours of when electricity is cheapest and discharge it when it is most expensive, every single day, and those windows generally aren't more than 8 hours long...
Once the early opportunities are taken lower value ones will be where you store more energy and charge and discharge at a lower margin or less frequently will be, but we aren't there yet.
Advertising that your new technology doesn't do this is taking a drawback (it requires a huge amount of scale in one place to be cost competitive) and pretending it's an advantage. The actual advantage, if there is one, is just that at sufficient scale it's cheaper (a claim I'm not willing to argue either way).
It ought to be cheaper at scale. Batteries' cost scales linearly with storage capacity. Cost for a plant like this scales linearly with the storage rate - the compressor and turbine are the expensive part, while the pressure vessels and gas bags are relatively cheap.
The bigger you build it, the less it costs per MWh of storage.
> Energy Dome expects its LDES solution to be 30 percent cheaper than lithium-ion.
Grid scale lithium is dropping in cost about 10-20% per year, so with a construction time of 2 years per the article lithium will be cheaper by the time the next plant is completed
Li-ion and even LFP batteries degrade; given a daily discharge cycle, they'll be at 80% capacity in 3 years. Gas pumps and tanks won't lose any capacity.
Because the most efficient way to make money with a lithium ion battery (or rather the marginal opportunity after the higher return ones like putting it in a car are taken) is to charge it in the few hours of when electricity is cheapest and discharge it when it is most expensive, every single day, and those windows generally aren't more than 8 hours long...
Once the early opportunities are taken lower value ones will be where you store more energy and charge and discharge at a lower margin or less frequently will be, but we aren't there yet.
Advertising that your new technology doesn't do this is taking a drawback (it requires a huge amount of scale in one place to be cost competitive) and pretending it's an advantage. The actual advantage, if there is one, is just that at sufficient scale it's cheaper (a claim I'm not willing to argue either way).