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Title: How thermal energy storage enhances the economic viability of concentrating solar power

Journal Article · · Proceedings of the IEEE
 [1];  [1];  [2]
  1. The Ohio State Univ., Columbus, OH (United States)
  2. National Renewable Energy Lab. (NREL), Golden, CO (United States)
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This study examines the economic performance and rationale of concentrating solar power (CSP) with and without thermal energy storage (TES). We demonstrate that TES can increase the energy and capacity value of CSP and also show that adding TES to a CSP plant can increase its economic viability by increasing its operating revenues to the point that the capital cost of CSP can be justified.

Research Organization:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Organization:
USDOE Office of Energy Efficiency and Renewable Energy (EERE)
Grant/Contract Number:
AC36-08GO28308
OSTI ID:
1355302
Journal Information:
Proceedings of the IEEE, Vol. 100, Issue 2; ISSN 0018-9219
Publisher:
Institute of Electrical and Electronics EngineersCopyright Statement
Country of Publication:
United States
Language:
English
Citation Metrics:
Cited by: 96 works
Citation information provided by
Web of Science

Cited By (8)

A decomposition algorithm for simultaneous scheduling and control of CSP systems journal February 2018
Proposition of a critical design direct normal irradiance for solar thermal power plant journal July 2018
Evolution of Renewable Energy in India: Wind and Solar journal November 2019
The prospect of high temperature solid state energy conversion to reduce the cost of concentrated solar power journal January 2014
A Methodology for Determining Optimum Solar Tower Plant Configurations and Operating Strategies to Maximize Profits Based on Hourly Electricity Market Prices and Tariffs journal February 2016
Cost-Benefit Analysis for the Concentrated Solar Power in China journal January 2018
Thermal Energy Storage for Grid Applications: Current Status and Emerging Trends journal January 2020
A Methodology for Determining Optimum Solar Tower Plant Configurations and Operating Strategies to Maximize Profits Based on Hourly Electricity Market Prices and Tariffs
  • Guédez, Rafael; Topel, Monika; Buezas, Inés Conde
  • ASME 2015 9th International Conference on Energy Sustainability collocated with the ASME 2015 Power Conference, the ASME 2015 13th International Conference on Fuel Cell Science, Engineering and Technology, and the ASME 2015 Nuclear Forum, Volume 1: Advances in Solar Buildings and Conservation; Climate Control and the Environment; Alternate Fuels and Infrastructure; ARPA-E; Combined Energy Cycles, CHP, CCHP, and Smart Grids; Concentrating Solar Power; Economic, Environmental, and Policy Aspects of Alternate Energy; Geothermal Energy, Harvesting, Ocean Energy and Other Emerging Technologies; Hydrogen Energy Technologies; Low/Zero Emission Power Plants and Carbon Sequestration; Micro and Nano Technology Applications and Materials https://doi.org/10.1115/es2015-49237
conference October 2015

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Related Subjects

14 SOLAR ENERGY
25 ENERGY STORAGE
thermal energy storage
capacity value
concentrating solar power
energy economics