Using high-resolution grid power balance and market data, this work investigates the effects of rising solar photovoltaic generation on the variability of large-scale net grid load and spot prices, and conducts an analysis of the potential balancing profits of various grid-scale energy storage systems. Analysis results show the correlation between PV (photovoltaic) generation and electricity demand has been identified as a significant factor influencing spot price value. As PV penetration increases, the value of spot prices experiences a notable decline, with values declining to nearly zero when the share of hourly PV generation surpasses 70 %. The volatility of electricity spot prices has a substantial impact on utilization rates and economic profits of energy storage systems employed for grid energy balancing. Despite the lower roundtrip efficiency, reversible hydrogen storage system can offer positive benefits. The longer storage duration offers the advantage of capturing greater dispatch profits by exploiting price differences over extended periods. Considering the time-varying nature of spot prices, the rated power capacity of the storage system plays a significant role in determining its utilization rates. The larger rated charging and discharging ability of the storage system allows for more effective utilization of price fluctuations, resulting in greater profitability.