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Abstract Utilizing energy storage in depleted oil and gas reservoirs can improve productivity while reducing power costs and is one of the best ways to achieve synergistic development of "Carbon Peak–Carbon Neutral" and "Underground Resource Utilization". Starting from the development of Compressed Air Energy Storage (CAES) technology, the site selection of CAES in depleted gas and oil reservoirs, the evolution mechanism of reservoir dynamic sealing, and the high-flow CAES and injection technology are summarized. It focuses on analyzing the characteristics, key equipment, reservoir construction, application scenarios and cost analysis of CAES projects, and sorting out the technical key points and existing difficulties. The development trend of CAES technology is proposed, and the future development path is scrutinized to provide reference for the research of CAES projects in depleted oil and gas reservoirs. Graphical abstract
Wan et al. (2024) studied this question.