- What are the applications of energy storage to facilitate wind integration?
- Where are energy storage projects being built for wind integration?
- Who are the key players in the wind plus storage market?
- What factors are slowing the development of wind plus storage relative to solar?
- What changes are expected to result in greater growth of new wind plus storage projects?
- Where are the key markets for wind plus storage projects for the next 10 years expected to be located?
4Q 2019
Optimizing Wind Power Plants with Energy Storage
The growth of wind energy and other forms of renewable generation have been the primary drivers in the development of energy storage over the past decade. However, energy storage is typically more closely associated with solar energy than with wind. This dynamic is driving the rapid rise in colocated solar plus storage projects where PV generation and battery storage are built and operated at the same site. Although combined wind plus storage projects offer similar benefits and potential, little development has taken place thus far for these combined projects.
The global energy storage market has matured and prices for new projects have fallen. As a result, the world is beginning to see the development of new colocated wind plus storage projects where batteries or other technologies are directly used for wind integration services. Growing penetration of wind energy in the Northeastern US and Europe has led to the development of energy storage to maintain grid stability.
This Strategy Insight report from Guidehouse Research, a Guidehouse company, aims to provide an in-depth look at the drivers and challenges for this growing market. Specific attention is paid to the applications of energy storage for wind integration, existing and upcoming projects, the competitive landscape, and how this market is expected to grow over the next decade. Discussion of projects includes the companies involved and revenue streams being captured.
Pages
20
Tables | Charts | Figures
3
Key Questions Addressed
Who Needs This Report
- Energy storage systems integrators and project developers
- Wind project developers
- Independent power producers
- Utilities
- Engineering, procurement, and construction firms
- Governments and energy regulatory agencies
- Investor community
Table Of Contents
Spark
Context
Recommendations
Defining Energy Storage for Wind Integration
Wind Has Fallen Behind Solar in Adopting Energy Storage
Applying Wind Plus Storage
Mitigating Curtailment and Transmission Congestion
Energy Price Arbitrage
Firming Wind Output
Addressing Capacity Markets and Resource Adequacy
Providing Ancillary Services
Remote Microgrids
Exploring Existing Wind Plus Storage Projects
Wind Plus Storage Competitive Landscape Is Solidifying
Wind Integration Provides Opportunities for New Technologies and Business Models
Emerging Multi-Technology Hybrid Renewable Energy Projects
Competing for Wind Plus Storage Market Share
P2G Is Gaining Popularity
Wind Plus Storage Use Cases Expand as the Grid Evolves
Stakeholders Should Embrace Emerging Opportunities Shaping Wind Plus Storage Markets
Wind Plus Storage Projects Should Explore Revenue Streams to Replace Reduced and Eliminated Wind Plant Subsidies
Wind and Energy Storage Operators Must Effectively Pair Technology with Accurate Wind Output Forecasts and Market Pricing
Wind Farm Developers Should Partner with Storage Providers
Stakeholders Should Maximize the Use of Existing Transmission Networks
List of Charts and Figures
- Annual Installed Energy Storage Power Capacity for Wind Integration by Region: 2019-2028
- Applications of Energy Storage for Wind Power Integration
- Tractebel Offshore Hydrogen Production Concept
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