The point of the studies is to determine the upgrades required to the transmission system to ensure stability and reliability (prevent cascading failures)
Also we're working towards a system where demand can be controlled. Think your electric car stops charging or your air conditioner kicks off for 10 minutes when there is a problem.
Batteries exist in a different economic regime than rate payers. Where the price per megawatt varies by 2X or more. Which makes it easier for batteries to make money be arbitrage. As in buy power at 10am for $40/MWH, sell it at 7pm the same day for $80/MWH.
So making $40/MWH * 100 MWH/day = $4000 per day * 365 day/yr = 1.4 million revenue per year. Not enough to pay back $100 million.
Like you said The economics of it keep improving though Imp