Natural gas combined cycle (NGCC) power plants with pre-combustion CO2 capture called, integrated reforming combined cycle (IRCC) power plants could be operated in a flexible and environment friendly manner by incorporating hydrogen storage. The current article presents a thermodynamic model evaluation of such a flexible large scale power plant system with co-production of hydrogen and subsequent hydrogen storage with metal hydrides (MH). A comparative analysis has been presented using steady state ASPEN Plus models for a Reference NGCC system, an IRCC system and a Flexible IRCC system with MH (MgH2) based hydrogen storage. In addition, a detailed exergy analysis indicating irreversibilities in the system has been presented. The system study indicates that such Flexible IRCC systems could be operated with a time based average (considering charging and discharging) electrical efficiency above 45% depending on the amount of hydrogen stored, appropriate heat integration and choice of the metal hydride. Exergy analysis indicates that such flexible systems could still be operated at a relatively high average net exergy efficiency (considering charging and discharging). Addition of MH based H2 storage in an IRCC system does not lead to significant electrical/exergy efficiency penalty. Carbon capture and storage is a larger source of efficiency penalty than the MH based H2 storage unit. The largest exergy destruction is observed in the gas turbine combustor and reformer units, providing additional scope for efficiency enhancement. With a larger share of renewable power in the total electrical power production expected in future, Flexible IRCC systems as presented in this article could be used as an efficient solution to address the large fluctuations in power supply and demand. Additional investigations are however encouraged further toward optimizing the choice of the metal hydride, detailed design of a single heat integrated system (including part load behavior) and economic assessments based on the heat and mass balances developed in this study.@en