SALT LAKE CITY, Nov. 4, 2016 /PRNewswire/ -- Magnum Compressed Air Energy Storage (MCAES) announces a 40-day, non-binding request for information (RFI) regarding its compressed air storage facility located near Delta, Utah. CAES is a bulk energy storage technology designed to enable excess energy from renewable wind and power sources to be stored in commercial-scale solution mined caverns and dispatched back to the grid when it is needed. The non-binding RFI begins at 8 a.m. (Mountain Standard Time) on Nov. 7, 2016, and concludes at 5 p.m. (Mountain Standard Time) on Dec. 16, 2016. The first MCAES project consists of 160 MW of compression to store air in an underground cavern, with a 160 MW highly efficient and flexible turbine generator. This combination will provide low cost renewable energy storage, increase the efficient use of transmission capacity and offer an array of ancillary services to the grid. These capabilities are designed to be delivered in an economic and environmentally sound manner. MCAES' compressed air energy storage project will support the Western U.S. region's aspirations and goals to deploy ever-higher percentages of cost effective renewable energy. The project is designed to allow renewable projects to cost effectively meet, and even exceed, these sustainable energy ambitions. In addition, it should help assure the continued economic, reliable and secure operation of the Western grid. "Because of our project's location and operational capabilities, several renewable project developers have approached us to discuss a collaborative approach in providing an enhanced renewable energy offering to Western utilities," said Richard Walje, CEO Magnum CAES. "Instead of waiting for the industry to evolve, Magnum is taking the bold initiative to collaborate with one or more renewable energy developers to support the development of utility scale renewable energy integrated with storage. "We believe this combination will enable renewable electricity production that better fits the needs and aspirations of end-use electric customers by maximizing the environmental and economic value of these renewable projects," Walje added.