Wind Energy with Compressed Air Energy Storage: An Update

A few weeks ago I wrote about an investment opportunity in the form of a project deploying wind energy integrated with compressed air energy storage (CAES), and mentioned some good news: a large investor group has offered $40 million in development funding to get it going—and to supply the $1 billion needed for project construction.  Even better news, my colleague just nailed down the $2 million he needed to initiate the project.  Looks like this is a go.