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

Research output: Contribution to conferencePaper

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.

Conference

Conference2018 International Conference on Smart Energy Systems and Technologies
Abbreviated titleSEST 2018
CountrySpain
CitySevilla
Period10/09/1812/09/18
Internet address

Fingerprint

Economic analysis
Energy storage
Farms
Wind power
Industry
Profitability
Economics

Keywords

  • energy storage
  • batteries
  • wind farms
  • economics
  • revenue streams
  • United Kingdom

Cite this

Campos-Gaona, D., Madariaga, A., Zafar, J., Anaya-Lara, O., & Burt, G. (Accepted/In press). Techno-economic analysis of energy storage system for wind farms: the UK perspective. Paper presented at 2018 International Conference on Smart Energy Systems and Technologies, Sevilla, Spain.
Campos-Gaona, David ; Madariaga, Ander ; Zafar, Jawwad ; Anaya-Lara, Olimpo ; Burt, Graeme. / Techno-economic analysis of energy storage system for wind farms : the UK perspective. Paper presented at 2018 International Conference on Smart Energy Systems and Technologies, Sevilla, Spain.6 p.
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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.",
keywords = "energy storage, batteries, wind farms, economics, revenue streams, United Kingdom",
author = "David Campos-Gaona and Ander Madariaga and Jawwad Zafar and Olimpo Anaya-Lara and Graeme Burt",
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Campos-Gaona, D, Madariaga, A, Zafar, J, Anaya-Lara, O & Burt, G 2018, 'Techno-economic analysis of energy storage system for wind farms: the UK perspective' Paper presented at 2018 International Conference on Smart Energy Systems and Technologies, Sevilla, Spain, 10/09/18 - 12/09/18, .

Techno-economic analysis of energy storage system for wind farms : the UK perspective. / Campos-Gaona, David; Madariaga, Ander; Zafar, Jawwad; Anaya-Lara, Olimpo; Burt, Graeme.

2018. Paper presented at 2018 International Conference on Smart Energy Systems and Technologies, Sevilla, Spain.

Research output: Contribution to conferencePaper

TY - CONF

T1 - Techno-economic analysis of energy storage system for wind farms

T2 - the UK perspective

AU - Campos-Gaona,David

AU - Madariaga,Ander

AU - Zafar,Jawwad

AU - Anaya-Lara,Olimpo

AU - Burt,Graeme

N1 - © 2018 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.

PY - 2018/7/2

Y1 - 2018/7/2

N2 - 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.

AB - 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.

KW - energy storage

KW - batteries

KW - wind farms

KW - economics

KW - revenue streams

KW - United Kingdom

UR - http://www.sest-conference.com/

M3 - Paper

ER -

Campos-Gaona D, Madariaga A, Zafar J, Anaya-Lara O, Burt G. Techno-economic analysis of energy storage system for wind farms: the UK perspective. 2018. Paper presented at 2018 International Conference on Smart Energy Systems and Technologies, Sevilla, Spain.