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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.
In this report, we analyze 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. We also examine 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. We 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.
In this report, we 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.” This report is a unique guide to where energy storage firms can make money in the wind power industry.
TABLE OF CONTENTS
Executive SummaryE.1 Energy Storage: Enhancing the Value and Reducing the Risk of Wind PowerE.1.1 Why is Wind Power Worth So Little and How Can Energy Storage Help?E.2 Opportunities and Markets for Wind-Power Storage by World RegionE.2.1 United States and CanadaE.2.2 EuropeE.2.3 ChinaE.2.4 IndiaE.2.5 JapanE.2.6 Other CountriesE.3 Opportunities for Wind-Power Storage by Storage TechnologyE.3.1 Lead-Acid BatteriesE.3.2 Sodium Sulfur BatteriesE.3.3 Flow Battery SystemsE.3.4 UltrabatteriesE.4 Leveraging Energy Storage for Greater Market Share: Opportunities for the Wind-Power IndustryE.4.1 Baseload WindE.4.2 Dispatchable WindE.4.3 Storage's Relationship to Other Wind Integration StrategiesE.5 Firms to Watch in Wind-Related StorageE.6 Summary of Eight-Year Forecasts of Wind-Related Energy StorageChapter One: Introduction1.1 Background to this Report1.1.1 The Trouble with Wind1.1.2 Energy Storage to the Rescue: Increasing the Value of Wind Power1.1.3 Which Technology? The Many Kinds of Energy Storage1.2 Goal and Scope of this Report1.3 Methodology of this Report1.4 Plan of this ReportChapter Two: Driver and Technologies for Wind-Related Energy Storage2.1 Drivers for Storage in Wind-Power Environments2.1.1 Non-Coincident Production2.1.2 Non-Dispatchability: Future Opportunities for Dispatchable Wind2.1.3 Grid Stability and Reliability2.1.4 Energy Pricing2.2 Available Storage Technologies2.2.1 Lead-Acid Batteries2.2.2 Metal Hydride Batteries2.2.3 Sodium Sulfur Batteries2.2.4 Flow Battery Systems2.2.5 Lithium Batteries2.2.6 Liquid Metal Batteries2.2.7 Ultrabatteries2.2.8 Supercapacitors2.2.9 Pumped Hydro-Electric Storage2.2.10 Compressed Air Energy Storage2.2.11 Flywheels2.2.12 Superconducting Storage2.3 Related and Competitive Technologies and Solutions2.3.1 Very-High-Voltage Transmission: "Supergrids"2.3.2 FACTS2.3.3 Renewable Integration Management Systems (RIMS)2.3.4 Wind-Power Forecasts2.4 Key Points from this ReportChapter Three: Markets for Wind-Related Energy Storage3.1 Addressable Market: Roadmaps for Wind-Power Deployment3.2 United States and Canada3.2.1 The Political Environment for Wind Deployment3.2.2 Addressable Market for Wind Integration Storage3.2.3 Wind-Related Energy Storage Deployment and Research in the U.S.3.3 Europe3.3.1 Storage and Wind in Europe3.3.2 The Danish Edison Project3.4 Asia3.4.1 China3.4.2 India3.4.3 Japan3.4.4 South Korea3.4.5 Brazil3.4.6 Egypt3.4.7 Russia3.4.8 South Africa3.4.9 Australia3.5 Storage for Wind in Microgrids3.6 NIMBY and Wind Power3.7 Key Points in this ChapterChapter Four: Eight-Year Forecasts of Wind-Related Energy Storage Markets4.1 Forecasting Methodology4.1.1 Data Sources4.1.2 Alternative Scenarios4.2 Wind-Power Deployment Forecasts4.3 Wind-Power Storage Forecasts4.3.1 Some Notes on Pricing4.3.2 Forecasts of Wind-Related Energy Storage in North America4.3.3 Forecasts of Wind-Related Energy Storage in Europe4.3.4 Forecasts of Wind-Related Energy Storage in Japan4.3.5 Forecasts of Wind-Related Energy Storage in China4.3.6 Forecasts of Wind-Related Energy Storage in India4.3.7 Forecasts of Wind-Related Energy Storage in the Rest of the World4.3.8 Summary of Forecasts of Wind-Related StorageAcronyms and Abbreviations Used In this ReportAbout the Authors
List of ExhibitsExhibit E-1:Projected Worldwide Energy Storage Shipments for Wind Integration by Technology.Exhibit 2-1:Benefits of Selected FACTS.Exhibit 4-1:Worldwide Deployment of Wind Energy over the Next Eight Years (GW).Exhibit 4-2:Cost Per Kilowatt Hour for Various Storage Technologies ($/kWh).Exhibit 4-3:North American Market for Wind-Energy Related Storage.Exhibit 4-4: European Market for Wind-Energy Related Storage.Exhibit 4-5:Japanese Market for Wind-Energy Related Storage.Exhibit 4-6:Chinese Market for Wind-Energy Related Storage.Exhibit 4-7:Indian Market for Wind-Energy Related Storage.Exhibit 4-8:Other Asian Markets for Wind-Energy Related Storage.Exhibit 4-9:Other Markets for Wind-Energy Related Storage.Exhibit 4-10:Worldwide Markets for Wind-Energy Related Storage by Technology.Exhibit 4-11:Worldwide Markets for Wind-Energy Related Storage by Region.