In pumping airborne wind energy (AWE) systems, the kite is operated in repetitive crosswind patterns, pulling the tether from a winch that drives a generator on the ground. During the reel-out phase of its operation, it produces power, whereas, during the reel-in phase, it consumes a small fraction of the produced power. This leads to an oscillating power profile that requires smoothing before it can be supplied to the electricity grid. This paper proposes three drivetrain concepts as a solution to this power smoothing challenge. The three concepts are based on three different types of storage technologies: electrical, hydraulic and mechanical. Techno–economic models of the drivetrains were developed and a case-study on sizing and costing of the three drivetrain concepts for a MW–scale AWE system was performed. Conclusions were drawn that provide guidance to AWE developers for choosing a suitable drivetrain concept for their systems.