The application of energy storage in offshore renewable generation systems allows managing the intrinsic uncertainty of the resources and improving the utilization factor of the electrical network. Optimal storage design algorithms generally have to evaluate the behavior of the whole system thousands times before converging to the optimal solution and the reliability of the results obviously depends on the quality of input data. On the other hand, the utilization of simplified storage models in the design stage can reduce the simulation time drastically, while still providing useful information. The goal of this paper is to evaluate the applicability of a methodology for sizing the energy storage system in a hybrid wind and wave farm, which is based on fluid models. The description and performance of this modeling approach will be introduced and compared to standard design procedures based on extensive simulations. Advantages and limitations of each approach will be underlined and the impact of input data quality will be discussed.