Renewable energy is booming across the world as the costs of production have come down. But, as we often hear, the sun doesn't always shine, and the wind doesn't blow when we need it to! This variability has led to an increased call for the deployment of energy storage as an essential component of future energy systems that use large amounts of irregular renewable resources.
Whilst a lot is written about adding batteries to PV systems, this article discusses the increasing number of projects that involve energy storage deployments next to wind turbine installations. A really interesting read that discusses economic viability, implications for wind players & provides examples of current & future projects.
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As we have seen, there are multiple ways for energy storage to add value to wind generation assets, although the economic viability of the related use cases is currently still limited. However, we clearly think that both wind turbine OEMs and wind park developers are doing the right thing by already gaining experience through wind-plus-storage pilots and partnerships with the storage industry. With the falling costs for storing power and increasing exposure to volatile and overall rising wholesale prices in many geographies, energy storage has the potential to significantly improve the competitiveness of onshore and offshore wind power plants under future market conditions. To remain successful, wind players need to start not only closely understanding the opportunities now, but also the challenges of applying energy storage in their individual situation.