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US Power Forecast Q1'24: The growing role of hybrid battery storage in the energy transition

Thursday, May 16, 2024
60 minutes

New solar and wind generation has advanced rapidly in the US, with the trend only expected to accelerate in the years ahead. While the increasing availability of green electricity holds the promise of decarbonization, intermittency – creating periods of surplus and deficit renewables – is likely to make full decarbonization hard to achieve.

Join us as we explore the role of increasingly popular hybrid solar and storage projects in addressing this challenge using our latest quarterly power forecast findings.

  • Trends driving hybrid interest in project interconnection queues
  • Market dynamics affecting the prospects of hybrid generation:
    • Green penetration due to renewable mandates and the Inflation Reduction Act
    • Resource Adequacy revenue streams
    • Localized constraints
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S&P Global Contributor
Adam Wilson is an analyst with the Regulatory Research team at S&P Global Market Intelligence specializing in U.S. renewable energy policy and analysis. Full Bio
S&P Global Contributor
Steve Piper is Director of Energy Research with S&P Global Market Intelligence. Full Bio
S&P Global Contributor
Kristin Larson has used her extensive data science and programming experience to add depth and insight to the Market Intelligence Power Forecast, which estimates generating asset value in U.S. markets. Full Bio


S&P Global Contributor
Arsalan Gul is a Product Manager within S&P Global Commodities Insights. Full Bio

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