CAES

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Sustainability Summary

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CAES Sustainability Profile

CAES is not currently tracking sustainability.

Sustainability Summary

  • This is an unclaimed profile. CAES has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors
CAES content on the page is focused on compressed air energy storage and ESG-related reporting. The energy storage material describes CAES as a way to store excess electricity, often from renewable sources like wind or solar, for later electricity generation, helping with grid stabilization, peak demand, and reduced reliance on fossil fuel peaker plants. The ESG reporting material discusses how organizations use internal audit functions to support ESG initiatives, improve assurance over disclosures, and respond to regulatory and market expectations. Overall, the content centers on energy transition, ESG governance, and reporting rather than consumer-facing sustainability claims.

CAES Sustainability Actions

CAES for grid-scale storage

Compressed Air Energy Storage is a method of storing energy for later use—similar in purpose to batteries, but very different in scale and operation.

Stores excess renewable electricity

Energy CaptureExcess electricity—often from renewable sources like wind or solar—is used to power large compressors.

Supports grid stabilization

CAES helps solve this issue by capturing excess energy when supply is high and releasing it when demand spikes. The technology provides long-duration energy storage, supports grid stabilization, helps meet peak demand, and reduces reliance on fossil fuel peaker plants.

Released ESG assurance report

The Internal Audit Foundation and The IIA, in collaboration with Ernst & Young LLP (EY), have released a white paper, “Prioritizing Environmental, Social, and Governance (ESG) – Exploring Internal Audit’s Role as a Critical Collaborator.”

Surveyed ESG program adoption

The survey found that two-thirds of organizations have an ESG program in place and another 24% have plans to implement one.

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CAES Sustainability Commitments

2022

Support project development

Proceeds from the investment will support the development of energy storage projects in Australia and California, and the expansion of the company’s project development pipeline globally.


Sustainable Development Goals

CAES is committed to advancing these Global Goals to promote prosperity for people & planet.

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