CAES

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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.

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Stores excess renewable electricity

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

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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.

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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.”

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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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Internal audit assurance on ESG

51% of organizations that report on ESG obtain some level of assurance from their internal audit functions.

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