Energy storage plays a pivotal role in the emerging green economy. This study, for the first time, presents the theoretical evaluation of a buoyancy power generator combining with the compressed air energy storage (CAES-BPG) system. A theoretical model that satisfies conservation laws and does not involve any adjustable parameters is developed for the calculation of system efficiency and power generation capacity. To accurately predict drag acting on the buoy, the low Reynolds number κ-ω SST model with a locally refined mesh (y+~1) is applied to fully resolve the viscosity affected regions including the viscous sublayers, whilst the surrounding flow is modelled by LES. The refined mesh moves passively with the buoy and does not change, whilst mesh in other regions undergoes smoothing and remeshing to accommodate the buoy's motion. Correlations of drag coefficients are then developed as a function of buoy shape, Reynolds number, and vessel-to-buoy size ratio. The aerofoil shape yielded a substantially smaller drag coefficient compared to the square, hex, and bullet shapes. System efficiency showed independency on buoy volume and shell material but decreased as the water level in the vessel increased, reaching 64 % for a water level of 1.5 m. Similarly, as the water level increased, the system output power decreased. The output power increased as the buoy volume increased, reaching ~22 kW for a buoy volume of 2 m3 at a water level of 1.5 m. This CAES-BPG system is highly automatic and fully green, and can operate continuously once compressed air is connected, showing great potential for implementation as an energy storage / utilisation system of small to medium capacities.
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