Hybrid power plants are growing rapidly: are they a good idea?
- Mar 23, 2020 5:17 pm GMT
As battery prices continue to fall and the penetration of variable wind and solar generation rises, power plant developers are increasingly combining wind and solar projects with on-site batteries, creating “hybrid” power plants.
New research from Lawrence Berkeley National Laboratory and the Electric Power Research Institute shows that interest in hybrid plants is high, and that hybridization can offer benefits relative to stand-alone plants. There are also limitations to hybridization, however, and market rules and policy incentives can make or break the finances of a project. The research, appearing in the Electricity Journal, looks at the operational benefits and drawbacks, relative costs and benefits, and industry trends toward hybrid power plants.
This commentary provides a simplified overview of the process of replacing a single dispatchable powerplant with either wind or solar generation plus storage.
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