Hybrid systems that combine renewable technologies, such as solar and wind power, with energy storage technologies, such as batteries and green hydrogen, help offset the inherent variability of renewable energy production and its dependence on weather conditions, solar radiation, and wind. Having storage systems allows for the storage of excess energy during periods of high production and low demand or low prices, and for the use of stored energy during periods of insufficient production and high demand or high prices.

Similarly, when different renewable technologies that rely on different natural resources are combined in a single plant, the plant can generate power more consistently because it does not depend on a single natural resource.

AleaSoft Energy Forecasting conducts studies, analyses, and reports on hybrid systems, primarily solar photovoltaic systems with batteries, but also solar photovoltaic systems combined with wind power, and systems that integrate all three: solar photovoltaic, wind power, and batteries:

• Optimization of battery storage systems for photovoltaic and wind power plants.
• Development of strategies for utilizing the storage system to maximize revenue.
• To develop revenue-maximization strategies, hourly market price simulations are conducted, and optimization algorithms are applied that take into account the characteristics of the hybrid system: renewable power, storage capacity, rate of charge loss, charging and discharging power, long-term degradation, etc.
• In addition, opportunities to sell energy on the day-ahead, intraday, and secondary markets are taken into account.
• Revenue estimate based on the defined strategy and long-term market price forecasts.