In 2015, Wind Farms were the leading source of new electricity generating capacity in Europe and the US.
Despite this, less than 4% of the world's electricity came from wind in the same year; nowhere near enough the to help shift the global economy away from fossil fuels that still supply the majority of the world's energy.
Amongst a number of other factors, technical advances are needed and the industry is one of the most innovative in developing & deploying new technology.
This article from the FT dives into the impact of bigger turbines that are changing the economics and the plummeting costs of offshore wind but I'm most intrigued by energy storage and how it can be used to capture wind power.
Battery costs have been traditionally too high for wide-scale use, but adoption of batteries for energy storage will increase dramatically when the costs drop and create a more attractive business case for renewable energy and storage than that of traditional fossil fuels.
The solution to solving this challenge is storing renewably-generated electricity so it can be provided when needed. Battery storage is a key technology to support the large-scale integration of renewable energy into energy systems and to speed up the transition from fossil fuels to renewable energy.
In this context, providers of both wind energy technologies and battery technologies are looking for ways to accelerate this integration.
From an executive search perspective, 2018 looks to be a fascinating year for Hyperion as we work with developers, OEM's and IPP's who are looking to find the best clean energy talent in the market as they face these new & exciting challenges. In addition to partnering with the key players in the industry, we will also be attending a number of Wind & Energy Storage conferences internationally and we will continue to share what we hear!
Renewable energy advocates have long sought ways to boost that number further by storing power generated on windy, sunny days so it can be released in still or dark circumstances. The high cost of common storage technologies, such as lithium-ion batteries, is a hurdle. Prices are falling, however and some companies are looking at ways to hook up turbines to batteries. In the US, the Deepwater Wind company plans to pair a wind farm off the coast of Massachusetts with a Tesla battery system. The world’s biggest lithium battery device — installed in South Australia this year by Tesla’s Elon Musk — is connected to a wind farm, though its job is to inject power rapidly to help keep the grid stable. Such schemes may eventually pave the way for much wider use of storage.