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[en] Due to the intermittence and fluctuation of wind resource, the increasing penetration level of wind power will bring huge challenges to maintain the stability of power system. Integrating compressed air energy storage (CAES) system with wind farms can weaken this negative effect. However CAES system needs large caverns or mines to store compressed air, which is restricted in application. In this paper, a novel energy storage system based on liquid carbon dioxide is presented. The mathematical models of compressed liquid-carbon dioxide energy storage system are developed. The parametric analysis is conducted to examine the effect of some key thermodynamic parameters on the system performance. Compared with AA-CAES, the liquid carbon dioxide energy storage system has advantages such as a high energy density, high EVR. Moreover, the round trip efficiency of this system can reach about 56.64%, which is acceptable in consideration of the storage volume. Therefore, this proposed system has a good potential for storing wind power in large scale and offers an attractive solution to the challenges of the increasing penetration level of wind power. - Highlights: • A novel energy storage system based on liquid carbon dioxide is presented. • The effects of some key parameters on the system performance are studied. • The operation optimization is conducted by genetic algorithm. • Comparative analysis of AA-CAES and liquid carbon dioxide system is studied.