Identifying Barriers to Solar and Storage Hybrids: Modeled vs. empirical wholesale market value and net-value for co-located solar + storage projects [Slides]
Large-scale (1MW+) co-located solar and battery storage projects are expanding rapidly in the United States, but their realized contribution to the bulk power system remains poorly understood because public project-level operating data are limited. The Lawrence Berkeley National Laboratory estimates the wholesale market value of 280 operational photovoltaic-plus-storage (PV+S) projects across the seven ISOs/RTOs and 19 additional balancing authorities, representing roughly 95% of the U.S. PV+S fleet in 2024. We model optimized hourly dispatch under energy, capacity, and ancillary-service market opportunities and compare the resulting value with standalone PV value, project-specific levelized cost estimates, and empirical operating or revenue data where available.