Increasing the use of wind power is a key goal of energy policy set by governments
around the world. Renewable energy deployment plans in every major country include
a substantial share for wind; wind is favored because it is a domestic source
of energy, is “clean and green,” and because there is plenty of
wind to be had. For example, in the U.S., the American Wind Energy Association
has claimed that the amount of wind energy available is much greater than the
national demand for energy.
But while large wind farms are already in place in Europe, Asia and the U.S.,
none of them can claim much commercial success and it is pretty clear why. Wind
energy is non-coincident – that is, it tends to be generated at times
when it cannot be used or can only be sold at off-peak rates. Wind generation
is also highly unpredictable and uncontrollable. Finally, the highest potential
for wind generation often seems to be in remote locations, meaning the power
is there, but there are no homes, factories or offices to consume it.
NanoMarkets’ Smart Grid Analysis believes that as the result of all this,
there is a large and growing opportunity for energy storage firms of many kinds
to sell into the rapidly growing wind energy sector and this report analyzes
and quantifies those opportunities. Energy storage adds value and reduces risk
for the wind energy industry by decoupling wind energy production and energy
demand. It makes wind-generated energy less dependent on the weather, enabling
it to be sold at better prices. Storage also helps optimize the use of scarce
grid capacity, improving the opportunity for selling wind generated energy to
users in different parts of the country or even different countries.
Opportunities in the Wind Power Industry analyzes in detail the requirements
for wind-power related storage and where in the wind power industry purchases
of energy storage systems are likely to be made. Energy
Storage Opportunities in the Wind Power Industry also examines the many
different energy storage technologies that might serve the needs of wind storage,
ranging from established technologies such as flywheels to lithium ion batteries.
Opportunities in the Wind Power Industry also discuss how the energy storage
needs for wind power will vary depending on what part of the grid they are deployed
in; transmission, distribution or microgrids.
Opportunities in the Wind Power Industry also discuss wind related energy
storage in the context of a total market picture, looking at how wind energy
storage will be impacted by the arrival of improved renewable energy management
systems, improved weather forecasting, and “supergrids.” Energy
Storage Opportunities in the Wind Power Industry is a unique guide to where
energy storage firms can make money in the wind power industry.