There are signs that 2010 could be the coming out party for Compressed Air Energy Storage (CAES). With the onslaught of large wind and solar deployments that will be added to the grid to meet state renewable portfolio standards requirements, there is a lot of buzz about the need for energy storage systems, particularly bulk energy storage. Bulk systems can store megawatt-scale amounts of energy produced during off peak times. They then discharge that energy during peak times, when prices are higher, and over many hours.