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Techno-economic analysis of energy storage system for wind farms : the UK perspective

Campos-Gaona, David and Madariaga, Ander and Zafar, Jawwad and Anaya-Lara, Olimpo and Burt, Graeme (2018) Techno-economic analysis of energy storage system for wind farms : the UK perspective. In: 2018 International Conference on Smart Energy Systems and Technologies, 2018-09-10 - 2018-09-12, University of Sevilla. (In Press)

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Abstract

This paper evaluates the modern trends of energy storage in the UK and reviews its application in the context of wind energy systems. This research takes into account the advantages/disadvantages and trends of different technical options of energy storage technology based on modern and future industry and government projects. Additionally, this research identifies and quantifies, in terms of profitability, the revenue streams available in the UK for energy storage projects, using the most up-to-date information. This research also identifies the revenue streams suitable for wind power and energy storage, and discusses the current UK regulatory framework for its implementation. The results of this research are of high value for those looking into the techno-economic aspects of wind energy integration with energy storage and provide a framework where industry and universities can position development or research efforts with a fresh view of the opportunities ahead.