How much does wind power storage cost? | NenPower
Estimates show that the cost of lithium-ion battery storage can range from $300 to $700 per kilowatt-hour depending on various factors such as capacity, quality, and supplier
The revenue of wind-storage system is composed of wind generation revenue, energy storage income and its cost. With the TOU price, the revenue of the wind-storage system is determined by the total generated electricity and energy storage performance.
After energy storage is integrated into the wind farm, one part of the wind power generation is sold to the grid directly, and the other part is purchased and stored with a low price, and then is sold with a high price through the energy storage system.
When integrating the energy storage plant, it stores the wind power when the electricity price is low, and releases it when the price is high. The total income of the wind-storage coupled system can be significantly increased. However, it will increase the initial investment by adding energy storage system.
When the energy storage plant lifetime is of 10 years, and the cost is equal to or less than 300 $/kWh, with the increased efficiencies of both charging and discharging processes, the installed storage capacity and the annual revenue of the wind-storage coupled system increase.
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