Search NASA⌕ Search

SEARCH · Search NASA

Results for “hybrid renewable systems”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 163 records · Page 9
All sourcesNASA NTRSDOE OSTI
DOE OSTI2024

Optimizing and Exploring Untapped Micro-Hydro Hybrid Systems: a Multi-Objective Approach for Crystal Lake as a Large-Scale Energy Storage Solution

Increasing electricity demand and concerns about climate change and fossil fuel consumption have highlighted the importance of renewable energy resources and storage systems. This paper proposes a method for exploring untapped pumped hydro storage potentials to accommodate intermittent renewable energy generation profiles. Hourly measured data from 2022 in Benzie County, Michigan, United States, were gathered for system sizing and a thorough, realistic analysis. By employing the multi-objective grey wolf optimization algorithm, we formulated optimal sizing and energy-management strategies for three different scenarios. Unlike similar studies, the 3rd with triple objective functions (OFs) scenario aims to maximize both reliability and ecological OFs while minimizing the cost OF. It has shown promising results with multiple solutions, considering economic, environmental, and reliability factors. A case study conducted in Crystal Lake, Michigan, revealed that although Crystal Lake would function only as a micro-hydro power facility, it is a promising and huge storage unit with a substantial storage capacity of around 14.9734GWh. The system investigated is significant in the USA due to its rapid deployment capabilities, minimal construction requirements, and ease of integration with the distribution grid. The fuzzy logic method was employed to identify the best non-dominant solution among the other solutions. Furthermore, these outcomes include a notably low levelized cost of energy at 0.046147$/kWh, a robust index of reliability of 99.705%, and a significant reduction in CO₂ emissions amounting to 7.9142×10 3 tons/year, when considering the triple OFs. The paper’s methodology provides valuable insights for regions aiming to utilize renewable energy from untapped storage sources.

13 HYDRO ENERGY↗
DOE OSTI2024

Resilient and Cost-Effective Hybrid Li-Ion Battery Energy Storage System for Sites with Solar Generation and Electric Vehicle (EV) Charging (CRADA Final Report, CRD-19-00799)

The batteries of an energy storage system designed for multiple use-cases are traditionally selected to withstand the highest rate at which a battery is discharged relative to its maximum capacity (C-rate) and cycling requirements of the most intense use-case. However, this is not cost-effective given that the price of the batteries is strongly correlated to C-rate and cyclability. We propose to establish design guidelines for a hybrid energy storage system and test an edge controller that uses high-power and high-energy batteries for high- cyclability use cases such as frequency regulation and electric vehicle (EV) charging and low-cost batteries for low-power and low-cyclability use cases such as summer peak loads. The three main objectives of this proposal are (i) establishing sizing guidelines for such a hybrid storage system, (ii) installing a hybrid storage system in the Energy Systems Integration Facility (ESIF) sized based on those guidelines, and (iii) testing an edge controller specific for the system through hardware tests.

14 SOLAR ENERGY↗
DOE OSTI2022

Integrating Concentrating Solar Power Technologies into the Hybrid Optimization and Performance Platform (HOPP)

As the world increases renewable energy deployment, there is an increasing interest in hybridizing various generation and storage technologies to maximize net benefit to the developer and/or off-taker. A particularly interesting combination of renewable technologies is concentrating solar power (CSP) with thermal energy storage (TES), photovoltaics (PV), and electrochemical battery energy storage (BESS). Due to the system complexity of CSP technology, it is difficult to evaluate the technological and financial performance of a CSP-PV hybrid system without detailed modeling of annual operations. To address this challenge, we have developed a modeling framework for evaluating the performance and financial viability of CSP systems hybridized with PV and battery technologies. This modeling effort incorporates CSP tower and trough systems into an existing modeling tool recently developed by NREL referred to as the Hybrid Optimization and Performance Platform (HOPP). This report outlines the modeling methodology as well as preliminary results from example case studies conducted using the model. The methodology describes: (i) the integration of CSP tower and troughs into HOPP using python interfaces to access System Advisor Model (SAM) underlining technology models, (ii) the mathematical formulation of the mixed integer linear program dispatch optimization model which optimizes operations of storage asset to either maximize system revenue or minimize operating cost while load following, (iii) the design analysis methods implemented within HOPP, and (iv) simulation clustering for the purposes of reducing computational expense. We exercise the model using a case study of a future scenario where we assume (i) CSP and PV technologies achieve the 2030 cost targets provided by the Solar Energy Technologies Office (SETO), (ii) battery costs reduce to the 2030 mid cost projection presented by NREL. Lastly, (iii) electricity prices for southern California in 2030 are provided by NREL's Cambium database, and (iv) a capacity payment of $150/kW-yr based on the system capacity factor during the to 100 net-load hours.

14 SOLAR ENERGY↗
DOE OSTI2023

Distributed Wind-Hybrid Microgrids with Autonomous Controls and Forecasting

Distributed wind-hybrid microgrids have the potential to provide key resilience and economic benefits to both the customers they serve and the utility grids they are connected to. Such microgrids will likely be a key part of the grid of the future, whether connected to large utility grids or linked together in multi-microgrid systems. Through the hybridization of distributed wind and solar photovoltaics, autonomous device-level and system-level controls, battery energy storage systems with smart inverters, and forecasting, these microgrids could maintain local stability and provide grid services - all with renewable power. In the literature, these elements have been considered individually. However, they have not been combined and demonstrated at a high fidelity, which is essential to prove the concept's operation before moving to hardware-in-the-loop and physical demonstrations. In this work, we develop a high-fidelity MATLAB-Simulink model of a real distributed wind-hybrid microgrid that includes all these elements. We demonstrate the microgrid maintaining stability and production in a variety of islanded, grid-connected, and transition scenarios. This includes riding through faults and grid transitions, handling resource variability, and providing grid services. The results demonstrate, at a high fidelity, how distributed wind-hybrid microgrids can operate in an economic and resilient fashion. Finally, we provide recommendations for future research to move advanced distributed wind-hybrid microgrids toward deployment.

ancillary services↗
DOE OSTI2021

Net Zero Energy Model for Wastewater Treatment Plants

The primary objective of this study is to achieve net-zero energy (NZE) wastewater treatment plants (WWTPs) by utilizing energy efficiency opportunities (EEO), combined heat and power (CHP) systems, and other renewable energy (RE) sources, e.g., solar, water, and wind powers. Herein, this study discusses an innovative energy solution for WWTPs in the United States, and one of the WWTPs with a flow capacity of 1.5 million gallons per day (MGD) was selected as a case study. An optimization tool, Hybrid Optimization of Multiple Energy Resources (HOMER) software, is used in this study to find the best energy system configuration to run the system. An energy audit for one WWTP was conducted in early 2020 and the report is used to do this study. The proposed EEOs were able to reduce WWTP energy consumption by about 11%. The excess anaerobic digester gas was utilized in a CHP system to cover about 42% of the facility’s consumption. Also, 3% of the utility energy consumption can be claimed by microturbines in the aeration tanks. Another two renewable energy systems, solar photovoltaic (PV) with 29% and water turbines with 15%, contribute to covering 100% of the WWTP energy consumption and achieving an NZE WWTP.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2022

Nontechnical Barriers to Geothermal Development

Geothermal energy presents a significant opportunity for the United States (US). The US has the largest known geothermal resource in the world, with over 31 GW of conventional geothermal (i.e., hydrothermal) potential. Despite this, the development of geothermal power plants has lagged other renewable resources. Though some of the gaps stem from technical barriers numerous non-technical barriers are preventing geothermal energy from reaching its full potential. The gaps include a need to reduce the cost impacts of seismic risk, environmental risk, exploration, drilling and permitting cost risk, and reduced summer capacity on plant profitability. This report identifies pathways to overcome these barriers. We find that geothermal energy could increase its market presence by acting as a complement to lower cost renewables, providing flexible or baseload power in low carbon scenarios. We also outline several contractual and operational strategies (including the use of hybrid systems) that plant operators can pursue to improve the value of their resource, such as multi part remuneration mechanisms that guarantee revenue (e.g., availability payments or a Contract for Differences approach) or resource risk hedging approaches (e.g., shaped market products and portfolio resource approaches).

15 GEOTHERMAL ENERGY↗
DOE OSTI2025

Beyond Price-Taker: Multiscale Optimization of Wind and Battery Integrated Energy Systems

Integrating renewable energy into the electric grid is challenging due to the intermittency and variability of wind and other non-dispatchable resources. Integrated energy systems (IESs) combine multiple energy technologies (e.g., fossil, nuclear, renewables, storage) to reduce costs and improve flexibility and reliability. However, standard techno-economic analysis (TEA) methods often overestimate the benefits of IESs because they fail to account for energy market adjustments. This paper systematically studies the limitations of the prevailing price-taker assumption for TEA and optimization of hybrid energy systems. As an illustrative case study, we retrofit an existing wind farm in the RTS-GMLC test system (which loosely mimics the Southwest U.S.) with battery energy storage to form an IES. We show that the standard price-taker model overestimates the electricity revenue and the net present value (NPV) of the IES up to 178% and 30.4%, respectively, compared to our more rigorous multiscale optimization. These differences arise because introducing storage creates a more flexible resource that impacts the larger wholesale electricity market. Moreover, this work highlights the impact of the IES has on the market via various strategic bidding, and underscores the importance of moving beyond price-taker for optimal storage sizing and TEA of IESs. We conclude by discussing opportunities to generalize the proposed framework to other IESs, and highlight emerging research questions regarding the complex interactions between IESs and markets.

25 ENERGY STORAGE↗
DOE OSTI2022

Supercritical CO2 Heat Pumps and Power Cycles for Concentrating Solar Power

Pumped Thermal Energy Storage (PTES) is a promising technology for electricity storage applications. An electrically driven heat pump moves energy from a cold space to a hot space, thereby creating hot and cold thermal storage. The temperature difference between the hot and cold storage is later used to drive a heat engine and return electricity to the grid. In this article, supercritical carbon dioxide (sCO2) is chosen as the working fluid for PTES, and results are compared to 'conventional' systems that use nitrogen. Molten salts are used for the hot storage which means that a CSP plant with thermal storage and an sCO2 power cycle could potentially be hybridized with PTES by the addition of a heat pump. This article describes some of the benefits of this combined system which can provide renewable power generation and energy management services. Two methods by which an sCO2 heat pump can be combined with an sCO2 power cycle for CSP are described and techno-economic results are presented. Results indicate that these systems can achieve reasonable technical performance, but that costs are currently high.

carnot battery↗
DOE OSTI2020

Supercritical CO2 Heat Pumps and Power Cycles for Concentrating Solar Power: Preprint

Pumped Thermal Energy Storage (PTES) is a promising technology for electricity storage applications. Grid electricity drives a heat pump which moves energy from a cold space to a hot space, thereby creating hot and cold thermal storage. The temperature difference between the storage is later used to drive a heat engine and return electricity to the grid. In this article, supercritical carbon dioxide (sCO2) is chosen as the working fluid for PTES, and results are compared to ‘conventional’ systems that use an ideal gas. Molten salts are used for the hot storage which means that a CSP plant with thermal storage and an sCO2 power cycle could potentially be hybridized with PTES by the addition of a heat pump. This article describes some of the benefits of this combined system which can provide renewable power generation and energy management services. Two methods by which an sCO2 heat pump can be combined with an sCO2 power cycle for CSP are described and techno-economic results are presented. Results indicate that these systems can achieve reasonable technical performance, but that costs are currently high.

41 EE - Solar Energy Technologies Office (EE-4S)↗
DOE OSTI2022

Enabling Floating Solar Photovoltaic (FPV) Deployment: Exploring the Operational Benefits of Floating Solar-Hydropower Hybrids

The Southeast (SE) Asia region is undergoing rapid energy sector transitions and exploring the potential role of renewables - including solar photovoltaics (PV) - as it becomes increasingly competitive as a result of technological advances and falling capital costs. Low-cost solar PV provides countries in the region with an option to meet increasing energy demand and diversify generation portfolios, complementing hydropower and thermal-dominant systems and strengthening energy security throughout the region. Floating solar PV (FPV) has emerged as an attractive application of solar PV that allows for systems to be floated on water bodies. Pairing FPV in hybrid systems with hydropower may also provide significant value for power systems in the region, beyond oft-cited co-benefits of stand-alone FPV. Despite growing interest in FPV systems, few applications of hybrid FPV-hydropower systems exist in SE Asia, and limited information is available about the co-benefits these systems may provide for potential adopters. This work, funded by the U.S. Agency for International Development (USAID) through the Advanced Energy Partnership for Asia, explores the value that hybrid FPV-hydropower systems may provide to the power systems of SE Asian countries. This work on the value of hybrid FPV-hydropower systems is accompanied by a recent report, Creating an Enabling Policy and Regulatory Environment for Floating Solar Photovoltaics: Review of Barriers to FPV Deployment in Southeast Asia, also focused on SE Asia.

14 SOLAR ENERGY↗
DOE OSTI2023

Hydroelectric Power and Hydrogen Production Integration

Hydropower-based hydrogen production could introduce opportunities for new revenue streams for hydropower plants, including from energy storage and regeneration as well as from sale of the hydrogen product to external markets. Hydrogen-based energy storage and regeneration could also help support Idaho Power’s decarbonization goals by decreasing dependence on fossil-based peaking power plants. Additionally, integration of hydrogen production with hydropower generation could help address the issue of low dissolved oxygen river water conditions that commonly accompany hydropower plant operations by utilizing the oxygen byproduct from an electrolytic hydrogen production process as a resource for mitigation of low dissolved oxygen water conditions. Comprehensive techno-economic analysis of the hybrid hydroelectric and hydrogen energy storage system has revealed critical insights into the pathways and considerations for optimizing the economic value and environmental benefits of such systems. Among the three identified pathways of natural gas blending, regeneration, and direct sale of hydrogen, the direct sale of hydrogen emerges as the most profitable, particularly given the current pricing dynamics of hydrogen and electricity. However, as we anticipate a future grid characterized by higher renewable energy penetration, the landscape may evolve, featuring lower average electricity prices, heightened fluctuations, and more significant seasonal variations. Consequently, the attractiveness of electricity regeneration through hydrogen and the benefits of long-duration hydrogen storage are expected to increase substantially in such a dynamic energy scenario. The careful selection of component sizes within the hybrid system proves to be paramount for ensuring cost-effectiveness. Notably, the size of the hydrogen market has emerged as a critical determinant for the optimal size of the electrolyzer. Hydrogen storage should be sized to meet energy shifting requirements. The appropriate size of the fuel cell/microturbine generator hinges on the shape of electricity prices and the available revenue streams derived from participating in grid services. Striking the right balance among these components is essential for maximizing the overall efficiency and profitability of the hydrogen facility. Furthermore, the by-product of electrolysis, namely oxygen, introduces an additional dimension to the system's functionality. The oxygen generated can be effectively utilized for dissolved oxygen (DO) mitigation, particularly with larger electrolyzer sizes capable of satisfying the complete oxygen demand for this purpose. While the economic benefits derived from saved oxygen purchase costs may be relatively modest compared to other revenue streams, the environmental advantages of repurposing oxygen for DO mitigation could help Idaho Power meet their environmental obligations. In addition to the identified factors shaping the viability of hybrid hydrogen production and hydroelectric generation, it is noteworthy that the integration of hydrogen energy storage offers a unique advantage during unusually wet years. In such periods of increased water inflow, the hydrogen storage capacity serves as a valuable supplement to the reservoir. By utilizing hydrogen energy storage as a complementary reservoir, the system gains flexibility in reservoir management when dealing with fluctuations in water availability.

08 HYDROGEN↗
DOE OSTI2023

Multiscale Electricity Modeling for Evaluating Carbon Capture and Sequestration Technologies (Final Report)

Carbon capture and sequestration (CCS) technologies that can operate with a high degree of operating flexibility could provide necessary electric grid flexibility in a system with high shares of variable renewables. This project examines the deployment and dispatch potential of twelve unique flexible CCS (FLECCS) technologies that encompass post-combustion carbon dioxide (CO 2 ) capture designs, concepts using a storage media to enable energy arbitrage, and hybrid processes that integrate CCS with direct air capture (DAC) for flexibility with net zero or negative CO 2 emissions. FLECCS technology potential is explored with a multi-model, multi-scale framework including the Regional Energy Deployment System (ReEDS) electric sector capacity expansion model (CEM) and the PLEXOS production cost model (PCM). Innovative methods were developed to represent FLECCS technology operating modes, performance, and cost in the two models. ReEDS was then used to simulate nine scenarios for each FLECCS technology, three CO 2 emissions price futures reaching $\$$150, $\$$225, and $\$$300/tCO 2 in 2050; and three scenarios for FLECCS technology deployment favorability relative to competing technologies. For each CO 2 price and reference FLECCS favorability, the 2050 infrastructures from ReEDS model are downscaled and implemented in PLEXOS to examine hourly dispatch under detailed operational constraints that are not included in ReEDS. FLECCS technologies exhibited a wide range of deployment potential ranging from none to several hundred gigawatts of capacity, with outcomes highly sensitive to input cost and performance parameters that are inherently highly uncertain. When deployed, FLECCS tended to displace a combination of wind, solar, and natural gas-based technologies rather than supporting increased renewable deployment. As a result, CO 2 emissions reductions facilitated by FLECCS deployment tended to come with higher overall system costs and electricity prices. When economically competitive, FLECCS technologies can contribute significant flexible generation and firm capacity to the grid, but continued technology development and an expanded analytical scope are necessary to fully understand FLECCS deployment potential its impact on the electric power sector. Follow-on analysis incorporating captured CO 2 tax credit value from the Inflation Reduction Act (IRA) and other potential policy scenarios could be particularly valuable, as this policy can substantially change the relative competitiveness of FLECCS technologies.

03 NATURAL GAS↗
DOE OSTI2021

Grid-Scale Ternary-Pumped Thermal Electricity Storage for Flexible Operation of Nuclear Power Generation under High Penetration of Renewable Energy Sources

In this work, the integration of a grid-scale ternary-Pumped Thermal Electricity Storage (t-PTES) with a nuclear power generation to enhance operation flexibility is assessed using physics-based models and digital real time simulation. A part of the electricity from the nuclear power generation is delivered to the grid, and the balance is used to power a heat pump that can be augmented by an auxiliary resistive load element to increase the charging rate of the thermal storage. This increases the thermal potential between hot and cold thermal stores (usually solid materials or molten salts inside large storage tanks). The thermal energy is transformed back into electricity by reversing the heat pump cycle. Different transient scenarios including startup, shutdown, and power change for grid-connected operation are simulated to determine the behavior of the hybrid nuclear-t-PTES system operating under variable loads that constitute a departure from conventional, baseload nuclear plant operation schemes. Ternary refers to the three modes operation: (i) heat pump (including heating coil), (ii) heat engine, and (iii) simultaneous operation of heat pump (including heating coil) and heat engine during changeover from pumping to generation or vice-versa. The controllability of t-PTES in the short timescales as a dynamic load is used to demonstrate operational flexibility of hybrid nuclear plants for flexible operation through advanced load management. The integration of t-PTES into nuclear power systems enhances the system flexibility and is an enabler for high penetration of renewable energy resources.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2022

ORGANIC RANKINE CYCLE TURBINE AND HEAT EXCHANGER SIZING FOR LIQUID AIR COMBINED CYCLE

Cryogenic energy storage offers several opportunities to design turbomachinery and other equipment for novel cycles. This paper presents the design and analysis of turbomachinery and heat exchangers for an Organic Rankine Cycle (ORC) subsystem for a hybrid energy storage concept. The Liquid Air Combined Cycle is an energy storage system that stores air at cryogenic conditions at times with high variable renewable energy to be dispatched along with a gas turbine to recover the exhaust heat. In order to re-vaporize the air, the liquid air is coupled with an ORC as an additional bottoming cycle. The ORC turbine is expected to expand the fluid with a pressure ratio of nearly 30 and a flow rate of approximately 45 kg/s. Sizing calculations for both a radial and axial turbine solution were performed over a range of speeds and stages to determine the optimal design point. The results show that either an axial (8- or 9-stage) or radial (four stages at two shaft speeds) turbine are capable of handling the pressure ratios. Further trades of the two configurations would be required to determine the best option. The ORC system also incorporates five heat exchangers to distribute heat, vaporize the liquid air, or recover exhaust heat from the gas turbine. Three heat exchangers were analyzed to understand the size of heat exchangers and pressure drop for the overall system. Different types of heat exchangers were explored for the different purposes, including plate-fin heat exchangers, gasketed plate heat exchangers and shell-in-tube heat exchangers. It was determined that the ORC recuperator, liquid-air vaporizer, and vaporized air pre-heater would be counter-flow heat exchangers using a gasketed plate design. Keywords: Energy Storage, Liquid Air Energy Storage, Organic Rankine Cycle

Pryor, Owen↗
DOE OSTI2023

Conceptual Design of Integrated Energy Systems via Multiscale Market Simulations and Surrogate Models for Market Interactions

This final report describes novel capabilities developed as part of DISPATCHES, Design Integration and Synthesis Platform to Advance Tightly Coupled Hybrid Energy Systems, for designing hybrid energy systems (HES) a.k.a. integrated energy systems (IES) in the context of a larger electricity market. Capabilities are demonstrated on case studies for nuclear and renewable power.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2026

Demonstration of Grid Services Using Mixed Grid-Forming and Grid-Following Technologies at the Wheatridge Renewable Energy Facility (Final Technical Report)

This Final Technical Report summarizes the analytical, modeling, and engineering work performed to evaluate grid-forming (GFM) inverter capabilities within a large hybrid renewable energy facility. The project focused on assessing the ability of advanced inverter-based resources to provide essential reliability services through coordinated operation of grid-forming (GFM) and grid-following (GFL) technologies. During Budget Period 1, the project developed a comprehensive framework of GFM performance metrics, including angle support, voltage regulation, frequency response, damping behavior, and current-limiting performance. Extensive electromagnetic transient (EMT) studies and hardware-in-the-loop (HIL) testing were conducted to validate GFM behavior under a range of operating conditions, including weak-grid scenarios, voltage disturbances, and multi-resource interactions. The project also established validated modeling approaches, plant-level control integration strategies, commissioning frameworks, and high-speed measurement infrastructure to support future field demonstration. Although the project concluded prior to field demonstration, the results provide a utility-scale foundation for evaluating, modeling, and deploying grid-forming technologies. The methodologies and tools developed contribute to industry understanding of inverter-based resource behavior and support future power system reliability under increasing renewable penetration.

14 SOLAR ENERGY↗
DOE OSTI2022

Wind and Solar Hybrid Power Plants for Energy Resilience

Wind-solar-storage hybrid power plants represent a significant and growing share of new proposed projects in the United States (U.S.). Their uptake is supported by increasing renewable energy market share, technical abilities for dispatch and control, and decreasing wind, solar, and battery storage costs. Simultaneously, generation and storage resources are increasingly used in distributed power systems. While concerns around the reliability of the aging, transforming U.S. electric grid are growing, diversifying energy resources through hybridization or spatial distribution provides an opportunity to enhance power system resilience compared to single-source generation. Understanding where to build hybrids for resilience value, rather than bulk power supply, has not been fully explored in previous studies. Therefore, in this study, we complete a national complementarity analysis to identify areas in the U.S. that are particularly suited for wind-solar hybrid power plant development. We show the importance of seasonal and diurnal patterns in assessing complementarity, and identify that regions in the Great Plains, Midwest, and Southeast are particularly suited for hybrid power plants. We demonstrate the resilience value of hybridization for a reference system based near Memphis, Tennessee, and show optimal sizing of wind, solar, and storage assets given 1.0 and 0.9 critical load factors. Results indicate that pairing wind and solar assets better meet constant load demand and reduce storage requirements compared to solar alone. These results enable future work integrating complementarity metrics in resilience frameworks and indicate a need for more finer resolution of local resource, demand, and hazard data.

14 SOLAR ENERGY↗
DOE OSTI2024

Techno-economic assessment of electricity market potential for co-located hydro-floating PV systems

Abstract—Harnessing renewable energy from diverse sources is paramount for sustainable power systems. Recently, co-located floating PV (FPV) systems present an intriguing prospect in this context. These hybrid systems, blending hydro and solar power, may offer a more consistent electricity output and potential economic advantages. Yet, assessing their actual potential requires a comprehensive techno-economic assessment. In addition, probabilistic price forecasting has recently gained attention in electricity market because decisions based on such predictions can yield significantly higher profits than those made with point forecasts alone. To this end, this paper embarks on a journey to elucidate the electricity market potential of co-located hydro-FPV systems in a probabilistic fashion to investigate the technological merits and economic viability of co-located hydro-FPV under different market structures. Our preliminary findings suggest that LCOE and payback metrics are sensitive not only to different markets but also to different solar incentives. Concurrently, we also observe that the payback period is generally faster with a production tax credit (PTC) than an investment tax credit (ITC). This assessment serves as a cornerstone for understanding the future prospects of co-located hydro-FPV systems in modern electricity markets.

13 HYDRO ENERGY↗