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As renewable energy continues to disrupt wholesale markets, energy storage has potential to exploit volatile energy prices by buying low and selling high, allowing a wind farm to shift its energy from periods of low prices to take advantage of spikes. As a result, announcements of wind plus storage hybrid systems are ramping up as these systems become more flexible and can accommodate a wide variety of renewable generation.
However, wind energy’s less predictable output and its eligibility for the production tax credit and investment tax credit make the value proposition for paired storage less clear than it is for solar.
In this joint research note, GTM Research and MAKE highlight case studies and compare incentives to help organizations decide if there is a case to be made for wind plus storage.