Estimating the Performance and Economic Value of Multiple Concentrating Solar Power Technologies in a Production Cost Model

Concentrating solar power with thermal energy storage (CSP-TES) is a unique source of renewable energy in that the solar thermal energy can be dispatched similarly to conventional thermal generation. However, CSP-TES plants are energy-limited, meaning that their response might be restricted by solar availability. Therefore, the use of this limited solar energy must be optimally scheduled toprovide the greatest value to the system. The timing of CSP-TES dispatch depends on a variety of factors, including electricity demand patterns, the penetration of variable generation sources, and the configuration of the CSP-TES plant itself. We use an established CSP-TES modeling framework in a commercially available production cost model to compare the dispatch and value of two CSP-TEStechnologies (molten salt towers and parabolic troughs) in a Colorado test system. In addition, we consider a range of configuration parameters, such as the solar multiple and thermal energy storage limit, to evaluate how the operational and capacity value varies with plant configuration.