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REPORT # Nano-228 PUBLISHED October 06, 2010
Energy Storage Opportunities in the Wind Power Industry
  • Smart Technology

    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.  

    Executive Summary
    E.1 Energy Storage:  Enhancing the Value and Reducing the Risk of Wind Power
    E.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 Region
    E.2.1 United States and Canada
    E.2.2 Europe
    E.2.3 China
    E.2.4 India
    E.2.5 Japan
    E.2.6 Other Countries
    E.3 Opportunities for Wind-Power Storage by Storage Technology
    E.3.1 Lead-Acid Batteries
    E.3.2 Sodium Sulfur Batteries
    E.3.3 Flow Battery Systems
    E.3.4 Ultrabatteries
    E.4 Leveraging Energy Storage for Greater Market Share:  Opportunities for the  Wind-Power Industry
    E.4.1 Baseload Wind
    E.4.2 Dispatchable Wind
    E.4.3 Storage's Relationship to Other Wind Integration Strategies
    E.5 Firms to Watch in Wind-Related Storage
    E.6 Summary of Eight-Year Forecasts of Wind-Related Energy Storage
    Chapter One: Introduction
    1.1 Background to this Report
    1.1.1 The Trouble with Wind
    1.1.2 Energy Storage to the Rescue:  Increasing the Value of Wind Power
    1.1.3 Which Technology?  The Many Kinds of Energy Storage
    1.2 Goal and Scope of this Report
    1.3 Methodology of this Report
    1.4 Plan of this Report
    Chapter Two: Driver and Technologies for Wind-Related Energy Storage
    2.1 Drivers for Storage in Wind-Power Environments
    2.1.1 Non-Coincident Production
    2.1.2 Non-Dispatchability: Future Opportunities for Dispatchable Wind
    2.1.3 Grid Stability and Reliability
    2.1.4 Energy Pricing
    2.2 Available Storage Technologies
    2.2.1 Lead-Acid Batteries
    2.2.2 Metal Hydride Batteries
    2.2.3 Sodium Sulfur Batteries
    2.2.4 Flow Battery Systems
    2.2.5 Lithium Batteries
    2.2.6 Liquid Metal Batteries
    2.2.7 Ultrabatteries
    2.2.8 Supercapacitors
    2.2.9 Pumped Hydro-Electric Storage
    2.2.10 Compressed Air Energy Storage
    2.2.11 Flywheels
    2.2.12 Superconducting Storage
    2.3 Related and Competitive Technologies and Solutions
    2.3.1 Very-High-Voltage Transmission: "Supergrids"
    2.3.2 FACTS
    2.3.3 Renewable Integration Management Systems (RIMS)
    2.3.4 Wind-Power Forecasts
    2.4 Key Points from this Report
    Chapter Three:   Markets for Wind-Related Energy Storage
    3.1 Addressable Market:  Roadmaps for Wind-Power Deployment
    3.2 United States and Canada
    3.2.1 The Political Environment for Wind Deployment
    3.2.2 Addressable Market for Wind Integration Storage
    3.2.3 Wind-Related Energy Storage Deployment and Research in the U.S.
    3.3 Europe
    3.3.1 Storage and Wind in Europe
    3.3.2 The Danish Edison Project
    3.4 Asia
    3.4.1 China
    3.4.2 India
    3.4.3 Japan
    3.4.4 South Korea
    3.4.5 Brazil
    3.4.6 Egypt
    3.4.7 Russia
    3.4.8 South Africa
    3.4.9 Australia
    3.5 Storage for Wind in Microgrids
    3.6 NIMBY and Wind Power
    3.7 Key Points in this Chapter
    Chapter Four: Eight-Year Forecasts of Wind-Related Energy Storage Markets
    4.1 Forecasting Methodology
    4.1.1 Data Sources
    4.1.2 Alternative Scenarios
    4.2 Wind-Power Deployment Forecasts
    4.3 Wind-Power Storage Forecasts
    4.3.1 Some Notes on Pricing
    4.3.2 Forecasts of Wind-Related Energy Storage in North America
    4.3.3 Forecasts of Wind-Related Energy Storage in Europe
    4.3.4 Forecasts of Wind-Related Energy Storage in Japan
    4.3.5 Forecasts of Wind-Related Energy Storage in China
    4.3.6 Forecasts of Wind-Related Energy Storage in India
    4.3.7 Forecasts of Wind-Related Energy Storage in the Rest of the World
    4.3.8 Summary of Forecasts of Wind-Related Storage
    Acronyms and Abbreviations Used In this Report
    About the Authors

    List of Exhibits

    Exhibit 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.


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