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GCE Ocean Technology

Unlocking the Commercial Potential of Offshore Wind (OW) and Co-Located Energy Storage Systems (ESSs)

Offshore Wind (OW) and co-located energy storage systems (ESSs) are transformative technologies essential for a decarbonized energy future. Recent cancellation of OW projects like Trollvind or Ocean Wind 1&2 shows issues with costs and supply chain bottlenecks. Adding ESSs to OW projects will not solve these problems but can enhance commercial viability if right trading strategies are developed and applied. Increased volatility in power prices, partly the effect of higher shares of intermittent power sources in the grid, can be a significant advantage for the developer of a project with ESS. Co-located ESSs allow generators to participate in high-revenue potential markets like day-ahead and intraday more confidently, adding to CfD or PPA revenues. These systems mitigate wind energy intermittency through peak shaving, reduced curtailment, and reliable power supply, significantly lowering balancing costs. The heavy weighting on energy flexibility in the IJmuiden Ver tender emphasizes the need for offshore ESS from a grid stabilization standpoint but it can at the same time make an OW project more profitable. In this study, the deployment of ESS in offshore environments was examined. Hydropneumatic subsea ESSs leverages offshore oil and gas expertise to meet reliability, responsiveness, and cost-efficiency demands. These systems enable long operational lifetimes, flexible seabed deployment, and reduced CAPEX and OPEX. This session will demonstrate how OW and subsea ESS integration contributes to sustainable revenue growth and diversification while aligning with market priorities. Attendees will gain actionable insights into leveraging proven solutions and partnerships to shape the future of subsea energy technology.

Rasmus Juhlin

Principal Engineer
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At USF Verftet in Bergen, Norway 10 – 12 June

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