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Title: Estimating the Capacity Value of Concentrating Solar Power Plants With Thermal Energy Storage: A Case Study of the Southwestern United States

Abstract

We estimate the capacity value of concentrating solar power (CSP) plants with thermal energy storage (TES) in the southwestern U.S. Our results show that incorporating TES in CSP plants significantly increases their capacity value. While CSP plants without TES have capacity values ranging between 60% and 86% of maximum capacity, plants with TES can have capacity values between 79% and 92%. Here, we demonstrate the effect of location and configuration on the operation and capacity value of CSP plants. Finally, we also show that using a capacity payment mechanism can increase the capacity value of CSP, since the capacity value of CSP is highly sensitive to operational decisions and energy prices are not a perfect indicator of scarcity of supply.

Authors:
 [1];  [1];  [2]
  1. The Ohio State Univ., Columbus, OH (United States). Integrated Systems Engineering Dept.
  2. National Renewable Energy Lab. (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE)
OSTI Identifier:
1355776
Grant/Contract Number:  
AC36-08GO28308
Resource Type:
Accepted Manuscript
Journal Name:
IEEE Transactions on Power Systems
Additional Journal Information:
Journal Volume: 28; Journal Issue: 2; Journal ID: ISSN 0885-8950
Publisher:
IEEE
Country of Publication:
United States
Language:
English
Subject:
14 SOLAR ENERGY; 25 ENERGY STORAGE; Equivalent conventional power; Capacity value; Concentrating solar power; Generators; Approximation methods; Reliability; Energy storage; Power system reliability; Heating; Indexes

Citation Formats

Madaeni, Seyed Hossein, Sioshansi, Ramteen, and Denholm, Paul. Estimating the Capacity Value of Concentrating Solar Power Plants With Thermal Energy Storage: A Case Study of the Southwestern United States. United States: N. p., 2012. Web. doi:10.1109/TPWRS.2012.2207410.
Madaeni, Seyed Hossein, Sioshansi, Ramteen, & Denholm, Paul. Estimating the Capacity Value of Concentrating Solar Power Plants With Thermal Energy Storage: A Case Study of the Southwestern United States. United States. doi:10.1109/TPWRS.2012.2207410.
Madaeni, Seyed Hossein, Sioshansi, Ramteen, and Denholm, Paul. Mon . "Estimating the Capacity Value of Concentrating Solar Power Plants With Thermal Energy Storage: A Case Study of the Southwestern United States". United States. doi:10.1109/TPWRS.2012.2207410. https://www.osti.gov/servlets/purl/1355776.
@article{osti_1355776,
title = {Estimating the Capacity Value of Concentrating Solar Power Plants With Thermal Energy Storage: A Case Study of the Southwestern United States},
author = {Madaeni, Seyed Hossein and Sioshansi, Ramteen and Denholm, Paul},
abstractNote = {We estimate the capacity value of concentrating solar power (CSP) plants with thermal energy storage (TES) in the southwestern U.S. Our results show that incorporating TES in CSP plants significantly increases their capacity value. While CSP plants without TES have capacity values ranging between 60% and 86% of maximum capacity, plants with TES can have capacity values between 79% and 92%. Here, we demonstrate the effect of location and configuration on the operation and capacity value of CSP plants. Finally, we also show that using a capacity payment mechanism can increase the capacity value of CSP, since the capacity value of CSP is highly sensitive to operational decisions and energy prices are not a perfect indicator of scarcity of supply.},
doi = {10.1109/TPWRS.2012.2207410},
journal = {IEEE Transactions on Power Systems},
number = 2,
volume = 28,
place = {United States},
year = {2012},
month = {8}
}

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Cited by: 26 works
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