A 2023 Perspective: What Is the Value of Hybridization?

This report takes a wind developer's perspective and provides a summary of the current and future state of hybrid facilities, and ultimately seeks to answer the question: "Are hybrid power plants a pivotal tool for meeting future energy and decarbonization targets?" The intention is not to provide an in-depth system-level technical analysis of hybrid facilities, but to showcase a high-level overview of the hybrid facility ecosystem and its potential future directions. Lastly, the authors acknowledge and recognize that non-renewable generation technologies can be integrated into a hybrid facility, however these technologies are outside the scope of this report.