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

Seyed Hossein Madaeni, Ramteen Sioshansi, Paul Denholm

Research output: Contribution to journalArticlepeer-review

127 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 languageAmerican English
Article number5893901
Pages (from-to)335-347
Number of pages13
JournalProceedings of the IEEE
Volume100
Issue number2
DOIs
StatePublished - Feb 2012

NREL Publication Number

  • NREL/JA-6A20-50316

Keywords

  • Capacity value
  • concentrating solar power
  • energy economics
  • thermal energy storage

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