Idaho-based KORE Power is one company tapping into the potential for scaling up the global wind industry through energy storage.
Lindsay Gorrill, CEO and director of KORE Power, explains that energy storage can help spur investor interest in wind farms, because it can significantly reduce the amount of time that wind turbines are idled or operating at a lower capacity due to oversupply.
“When you drive by a wind turbine and you see only one (or none) running, it means they are not utilizing the wind. Storage enables you to utilize that large capital you’ve spent,” Gorrill explains.
To be clear, energy storage is just one cog in the many gears of grid management, so there are other considerations in play. Nevertheless, the basic idea is that investment in a wind farm is more attractive when the capital is sunk into equipment that creates energy more of the time.
Estimates vary by a wide amount, but energy storage has the potential to enable wind farms to operate consistently at close to 100 percent capacity. Without energy storage, some wind farms barely operate in the double digits.
Read the rest of the article: https://www.triplepundit.com/story/2019/energy-storage-finally-ready-tackle-wind-sectors-biggest-challenge/85301
About KORE Power:
KORE Power, Inc. (KORE) is headquartered in Coeur d’Alene, Idaho, with operations in Waterbury, Vermont, and Buckeye, Arizona. KORE is the leading U.S.-based developer of battery cell technology for the clean energy industry. With clients in energy storage, e-mobility, utility, industrial and mission-critical markets, KORE Power provides the backbone for decarbonization across the globe. As the first U.S.-based, American-owned, and fully integrated provider of cells, batteries, and solutions, KORE is uniquely positioned to serve these markets. Through the construction and operations of its large-scale battery cell manufacturing facility in the U.S., KORE is positioned to operate at 12 GWh per year capacity. The facility (the “KOREPlex”) will operate with net-zero carbon emissions through strategic partnerships and solar and storage co-generation.
KORE Power’s differentiated approach provides customers with direct access, unparalleled service, superior technology, and Tier 1 product availability. Focused on building sustainable communities, clean energy jobs, and green economic expansion, KORE Power is proud to offer a functional solution to real-world problems and fulfill market demand to deliver a zero-carbon future. The KOREPlex is expected to come to Buckeye, Arizona, and be the anchor to the development of the Sustainable Valley by the end of 2024. For more information, visit www.korepower.com.