Hybrid Renewable Systems With Storage Makes For Revolution

Mar. 24, 2020 11:30 AM ETNEE, TSLA, SIEGY, SMAWF, VWDRY, GCTAF41 Comments
Keith Williams profile picture
Keith Williams


  • Big players Vestas Wind Systems, Siemens Gamesa Renewables and Vattenfall see wind becoming dispatchable through added storage.
  • Solar plus storage becoming commonplace; wind (both on and offshore) plus storage following the trend.
  • Big opportunity for large batteries makes renewables more competitive with fossil fuel solutions.
  • Gas peakers and coal power are challenged by these developments.

wind hybrid project

Co-location of wind and storage: Greentechmedia Sourced from Invenergy

The coronavirus pandemic is causing chaos, leaving only the brave to do anything but look from the sides to see where it is all going. My take is that this is a time to look strategically at one’s portfolio to see whether it is future-proofed. Readers who follow me will be aware that in addition to two very rare events (COVID-19 and oil price war) happening now, this decade is the one when humanity decides if it wants a future. This means exit from fossil fuels.

Here I review the changing face of renewable energy as both solar PV and wind power shed their “intermittent” badge and start to become dispatchable power sources through strategic adoption of storage, which is mostly big batteries and pumped hydro. Wind projects are the new entrants in this new view of renewable energy. Major wind companies Vestas Wind Systems (OTCPK:VWDRY) and Siemens Gamesa Renewable Energy (OTCPK:GCTAF) both see storage becoming part of many (most?) wind projects in the future. These developments have positive implications for investment in solar PV, wind and battery storage.

Dispatchable renewable power solutions easier sell

In an earlier article concerning the Tesla (NASDAQ:TSLA) Megapack battery, I indicated that adding a big battery facility is going to become a major market for complex battery suppliers. Two major wind suppliers concur that this is where the market is headed, confirming that the battery opportunity and makes clearer how competitive the renewables market is becoming for new large scale power provision. Indeed the first of the solar, plus wind, plus battery plants are now being developed.

To attempt to forestall a sea of comments along the lines of “but a battery can’t possibly store all the power that a wind or solar farm produces,” it is

This article was written by

Keith Williams profile picture
Keith began his career as a research scientist (developmental biology, biochemistry, molecular biology) at the Australian National University, University of Oxford (UK), the Max Planck Institute for Biochemistry (Munich, Germany) and finally Macquarie University (Sydney) where he held a Chair in Biology and established the Centre for Analytical Biotechnology. Pioneering the area of proteomics (with Marc Wilkins in his group coining the term), Keith established the world’s first government-funded Major National Proteomics Facility (Australian Proteome Analysis Facility) which was involved with industrialising protein science. Keith left academe with his team to found Proteome Systems Ltd in 1999 to commercialise proteomics. The company had a strong focus on intellectual property, engineering/technology and bioinformatics. As CEO he led the company to ASX listing in 2004. Since 2005 Keith has been involved in new business development in biotech, e-health and other emerging technologies. Keith sees climate change and sustainable development as a major issue for humankind and also a major business disruptor/risk and opportunity. Keith holds a Bachelor Agr Science from the University of Melbourne and a PhD from the Australian National University. He is a Fellow of the Australian Academy of Technological Sciences & Engineering and received an AM (Member of the Order of Australia) for services to the Biotechnology Industry. He has received various industry awards including an Innovation Hero Medal from the Warren Centre for Advanced Engineering. With 300 scientific papers and many patents written, Keith has a clear view of innovation in the Biotechnology and Climate/Renewable Energy space. He is not a financial advisor but his perspective adds relevance to decision-making concerning feasibility and investment in technology innovation.

Disclosure: I am/we are long VWDRY. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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