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The Value of Concentrating Solar Power and Thermal Energy Storage

Journal Article · · IEEE Transactions on Sustainable Energy
 [1];  [2]
  1. The Ohio State Univ., Columbus, OH (United States). Integrated Systems Engineering Dept.; The Ohio State University
  2. National Renewable Energy Lab. (NREL), Golden, CO (United States). Strategic Energy Analysis Center
+ Show Author Affiliations

Our paper examines the value of concentrating solar power (CSP) and thermal energy storage (TES) in a number of regions in the southwestern United States. Our analysis also shows that TES can increase the value of CSP by allowing more thermal energy from a CSP plant's solar field to be used, allowing a CSP plant to accommodate a larger solar field, and by allowing CSP generation to be shifted to hours with higher energy prices. We also analyze the sensitivity of this value to a number of factors, including the optimization period, price and solar forecasting, ancillary service sales, and dry cooling of the CSP plant, and also estimate the capacity value of a CSP plant with TES. We further discuss the value of CSP plants and TES net of capital costs.

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:
1354889
Alternate ID(s):
OSTI ID: 1251342
Journal Information:
IEEE Transactions on Sustainable Energy, Journal Name: IEEE Transactions on Sustainable Energy Journal Issue: 3 Vol. 1; ISSN 1949-3029
Publisher:
IEEECopyright Statement
Country of Publication:
United States
Language:
English

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A binary‐regularization‐based model predictive control applied to generation scheduling in concentrating solar power plants journal April 2019
The prospect of high temperature solid state energy conversion to reduce the cost of concentrated solar power journal January 2014
A general framework for the assessment of solar fuel technologies journal January 2015
Thermophotovoltaics: a potential pathway to high efficiency concentrated solar power journal January 2016
Thermal energy grid storage using multi-junction photovoltaics journal January 2019
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
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  • 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
Cost-Benefit Analysis for the Concentrated Solar Power in China journal January 2018
Concentrating solar power tower technology: present status and outlook journal January 2019
Magnetostrictive Sensor for Blockage Detection in Pipes Subjected to High Temperatures journal May 2019

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Related Subjects

14 SOLAR ENERGY
economics
solar power generation
thermal energy storage (TES)