Hybrid power plants offer opportunities that individual power plants may not be able to provide on their own. By combining different forms of energy production, synergies can be achieved, such as more stable electricity production, allowing grid connection capacity to be used more efficiently. Production flexibility and resource efficiency can also be improved by combining energy production with energy storage solutions, such as batteries. This means that production does not need to be curtailed, as surplus energy can be stored for later use. Energy storage systems also make it possible to maximize revenues through energy arbitrage, further improving the profitability of hybrid power plants. In hybrid power plants, all these technologies can also share the same grid connection point, which can significantly reduce investment costs compared to developing equivalent power plants as separate projects.
