Renewable-Storage Hybrids in a Decarbonized Electricity Supply

We explore the potential impacts of growing industry interest in hybrid systems comprising PV and battery technologies on the results and findings of the Solar Futures Study (2021). Through comparison of Solar Futures Study scenarios with and without PV-battery hybrid configurations enabled (in the same grid planning model), we find that the highest net-value hybrid configuration depends strongly on power sector carbon policy, which increases the value of more forward-looking designs. While the availability of PV-battery hybrid configurations primarily displaces standalone PV and battery capacity, we find that it (a) increases solar's share of total capacity and generation and (b) reduces required transmission expansion and associated costs under scenarios that combine aggressive cost reductions and power sector decarbonization policy. Results will also be presented for the complementarity and economic value of wind-PV hybrids with varying amounts of energy storage.