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New Report Evaluates How Electric Energy Storage Can Be Used to Increase the Value of Wind Power Production

Posted on: Wednesday, 28 May 2008, 06:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c92920) has announced the addition of Enhancing the Value of Wind Power with Energy Storage to their offering.

The 1st Edition of the Enhancing the Value of Wind Power with Energy Storage report is a 45-page evaluation of how electric energy storage can be used to increase the value of wind power production.

Wind power represents a promising source of clean, renewable energy, but it is limited in its ability to provide significant amounts of power to the grid due to its intermittent and non-dispatchable nature. In order for wind power to become a major source of electricity and compete with nuclear energy and fossil fuels as a baseload generating source, it needs to be able to operate at a high capacity factor. This is something which can be achieved with energy storage. A major objective of this report is to demonstrate how energy storage systems can shape the supply of wind power, firm up its reliability, increase its capacity value, and even enable it to provide baseload energy and to do so profitably.

Topics covered in the report include:

- Overview of what energy storage is and the utility applications it can support

- Discussion of the current status of energy storage use for electric power applications

- Evaluation of the major electric energy storage technologies

- Analysis of the issues the wind power faces and how energy storage can resolve them

- Comparison of energy storage technologies in terms of their ability to support wind power

- Discussion on how energy storage can allow wind power to operate as a baseload plant

- Assessment of the economics of combining wind power with energy storage

- Profiles of key wind power/energy storage projects

- Profiles of key energy storage technology vendors

ACRONYMS AND ABBREVIATIONS

INTRODUCTION

SUMMARY

OVERVIEW OF ELECTRIC ENERGY STORAGE

Energy Storage and the Electric Industry

Electric Industry Applications for Energy Storage

Current Status of Energy Storage

ELECTRIC ENERGY STORAGE TECHNOLOGIES

Pumped Hydro

Lead-Acid Batteries

Nickel-Cadmium Batteries

Sodium Sulfur Batteries

Flow Batteries

Flywheels

Compressed Air Energy Storage

Superconducting Magnetic Energy Storage

Electrochemical Capacitors

THE IMPACT OF COMBINING WIND POWER AND ENERGY STORAGE

The Benefits to Wind Power from Energy Storage

Energy Storage Technologies for Use with Wind Power

Using Energy Storage to Enable Baseload Wind Power

THE ECONOMICS OF COMBINING WIND POWER AND ENERGY STORAGE

Revenue from Energy Storage

Analysis of Combined Wind Power and Energy Storage Systems

WIND ENERGY STORAGE PROJECTS

California Wind Integration

Huxley Hill

Iowa Stored Energy Park

Minwind

Palmdale MicroGrid

Sorne Hill

Windy Harbour

MAJOR ENERGY STORAGE MANUFACTURERS

Beacon Power

General Compression

Maxwell Technologies

NGK Insulators

Ridge Energy Storage

Sumitomo Electric

VRB Power Systems

GLOSSARY

For more information visit http://www.researchandmarkets.com/reports/c92920.

Source: Business Wire

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