Concentrating Solar Power With Thermal Energy Storage Is Economically Useful For Utility Company Profits, Study Finds

Source: Clean Technica

Utility companies can benefit considerably from the utilization of concentrating solar power (CSP) and available energy storage methods, a new study from the US Department of Energy’s National Renewable Energy Laboratory (NREL) has found.

Solar thermal power plant tower by afloresm (some rights reserved)

A CSP that possesses a 6-hour storage capacity works well to lower peak net loads for the part of the day when the sun isn’t shining. That’s “enough to add $35.80 per megawatt hour to the capacity and operational value of the utility, compared to photovoltaic (PV) solar power alone, and even higher extra value when compared to CSP without storage. The net load is the normal load minus variable renewables such as photovoltaic and wind.” Read more

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