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.
In this webinar, Lawrence Berkeley National Lab and Electric Power Research Institute staff will present on the rise of generator-plus-battery hybrid projects. They will begin by discussing the potential advantages and disadvantages of this project model before moving on to describe the development trends in the United States.
The researchers will share details of power-purchase agreements that have been made for these projects and compare them to a market value analysis. In the last part of the webinar, the researchers will propose a number of participation model options for these plants within wholesale electricity markets, and close with a conversation of the current challenges to integrating these new types of projects into current market structures.