Technical FAQs 4

What is the revenue of wind-storage system?

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.

Can integrated energy storage system generate more revenue than wind-only generation?

The integrated system can produce additional revenue compared with wind-only generation. The challenge is how much the optimal capacity of energy storage system should be installed for a renewable generation. Electricity price arbitrage was considered as an effective way to generate benefits when connecting to wind generation and grid.

How integrating energy storage technologies into wind generation improve economic performance?

The economic performance by integrating energy storage technologies into wind generation has to be analyzed for commercial development . One solution is to implement the electricity price arbitrage strategy. The real-time pricing (RTP) varies in the market throughout a single day due to the different patterns of supply and demand.

Can wind power reduce the cost of a distributed generation lifecycle?

Different energy portfolios (PV, PV with government subsidies, PV with Wind generation) and capacity were investigated through an optimization algorithm to reduce the distributed generation lifecycle cost. The analysis showed that exploring wind power can realize cost-savings in locations where the average wind speed was above 4.8 m/s .

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The price of wind power generation and energy storage

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