How Thermal Energy Storage Enhances the Economic Viability of Concentrating Solar Power

Seyed Hossein Madaeni; Ramteen Sioshansi; Paul Denholm

doi:10.1109/JPROC.2011.2144950

How Thermal Energy Storage Enhances the Economic Viability of Concentrating Solar Power

Seyed Hossein Madaeni, Ramteen Sioshansi, Paul Denholm

Grid Planning and Analysis Center

Ohio State University

Research output: Contribution to journal › Article › peer-review

128 Scopus Citations

Abstract

This paper 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.

Original language	American English
Article number	5893901
Pages (from-to)	335-347
Number of pages	13
Journal	Proceedings of the IEEE
Volume	100
Issue number	2
DOIs	https://doi.org/10.1109/JPROC.2011.2144950 https://doi.org/10.1109/JPROC.2011.2144950
State	Published - Feb 2012

NREL Publication Number

NREL/JA-6A20-50316

Keywords

Capacity value
concentrating solar power
energy economics
thermal energy storage

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How Thermal Energy Storage Enhances the Economic Viability of Concentrating Solar Power

Abstract

NREL Publication Number

Keywords

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