Concentrating solar power (CSP), when integrated with thermal energy storage (TES), can address both intermittency and storage needs by providing dispatchable renewable electricity.
The thermal energy storage system is the main driver for the high flexibility of CSP systems. Primarily due to the stochasticity of the solar resource, CSP plants without storage operate with capacity factors in the range of 22–28 %, depending on technology and location .
Global weighted average electricity capacity factors for CSP plants rose 66 % from 2011 to 2021. Global weighted average LCoE for CSP fell 68 % from $0.31/kWh in 2010 to $0.10/kWh in 2022. Capital costs for CSP fell 50 % in the last decade to $3000–11000/kW. Adding 6–15 h of thermal storage at $20–60/kW is now considered economical.
Incorporating thermal energy storage into CSP plants boosts dispatchability without significantly impacting the levelized electricity costs compared to CSP plants without storage [17, 18]. This enhancement bolsters CSP''s position as a valuable option for producing dispatchable renewable electricity.
Our standardized photovoltaic power generation and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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By decoupling the collection and storage of solar energy, TES enables CSP plants to cost-effectively dispatch power on demand irrespective of sunlight conditions.
Latest developments in photovoltaic technology, energy storage advancements, PV products, and industry insights from our team of renewable energy experts.
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