But wouldn't it be true to say that store is the cheaper alternative to installing excess capacity, the alternative with less local resistance (a political issue with both on and offshore wind), and the alternative with fewer maintenance issues versus e.g. offshore wind? Let me know if you have any numbers on that.
I've checked some numbers myself. For example, even domestic storage (which includes things like an inverter already) like the Tesla powerwall costs $3500, and has 5.000 full depth cycles of lifetime, and a capacity of 7 kwh. Meaning purely for storing and using 1 kwh, it's about $10c. That's more than the cost of onshore wind (about 7c or so, differs per country).
But we know that utility scale batteries can be much cheaper (I mean these Tesla powerwalls are quite similar to batteries that go into cars, their energy density is very high due to space constraints. If space and weight is not a concern you can build cheaper batteries), plus batteries as an industry are currently on a much steeper decline in cost annually than renewable generation technologies so going in to the future storage should become much more attractive, even as extra generation becomes more attractive, too.
One example is Alevo, found an interesting post about it I'll quote here: > Alevo is claiming $100/kWh and 40,000 cycles. That works out to $0.003/cycle. Financed for 20 years at 5% would mean a $0.022 price per cycle over the first 20 years and then the cost of storage dropping to roughly zero for 89 more years.
That's 2-3 cents per cycle. It'd be really hard to make the case for excess wind capacity over storage. Particularly because on some days wind generation is still near zero. The image I showed shows the top day generating 200x as much as the bottom day. To generate enough on the bottom day, you need a ridiculous amount of excess capacity generation to compensate, capacity that may be more expensive per kwh than storage, that overproduces the rest of the year (while still costing money, unlike storage which costs money per cycle, i.e. when used), and exacerbates the non-financial issues of wind (e.g. landscape changes that local people resist).
It's looking like storage is going to be playing a huge role.