Can anyone see how this claim can possibly be true?
However, a 50MW generating plant needs to have a heat input sufficient to drive the phase change and expansion of the liquid air. This project seems to require one or more laws of thermodynamics to be revoked!
Its claimed end to end efficiency seems to be highly optimistic.
They do seem to have actually built something around 5MW scale already although since it is colocated with Viridor's tip methane burning kit it is hard to know if sleight of hand is involved here. It may be a useful trick for using up low grade heat from power stations to get a boost.
I did find this thesis which seems to have more realistic efficiency figures of ~20% in the most obvious configuration and ~50% if the optimum reuse of waste heat is possible. This seems to me unlikely since when you want to generate power you won't be compressing gas any more...
Placed somewhere with abundant waste heat from power generation it might be able to help cover spikes which is perhaps the unstated intention.