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The Value of Concentrating Solar Power and Thermal Energy Storage

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2 Author(s)
Sioshansi, R. ; Integrated Syst. Eng. Dept., Ohio State Univ., Columbus, OH, USA ; Denholm, P.

This paper examines the value of concentrating solar power (CSP) and thermal energy storage (TES) in a number of regions in the southwestern United States. Our analysis shows that TES can increase the value of CSP by allowing more thermal energy from a CSP plant's solar field to be used, allowing a CSP plant to accommodate a larger solar field, and by allowing CSP generation to be shifted to hours with higher energy prices. We analyze the sensitivity of this value to a number of factors, including the optimization period, price and solar forecasting, ancillary service sales, and dry cooling of the CSP plant, and also estimate the capacity value of a CSP plant with TES. We further discuss the value of CSP plants and TES net of capital costs.

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Sustainable Energy, IEEE Transactions on  (Volume:1 ,  Issue: 3 )