Optimization of Concentrating Solar Power (CSP) Plant Designs Through Integrated Techno‐Economic Modeling

Summary

This chapter examines accepted methods for Concentrating Solar Power (CSP) plant modeling and design optimization. A novel approach to solar thermal power plant design optimization combines a multiparameter optimization algorithm that enables the optimization of the pertinent plant design parameters with the energetic and economic simulation of a whole power plant at the component level. Certain modeling techniques solely concentrate on the plant's energetic simulation. Some incorporate an economic model as well. The levelized cost of energy, or LCOE, can be used to assess the effects of technical differences in most circumstances. The optimization of CSP plant designs through integrated techno‐economic modeling presents a significant opportunity to enhance the efficiency, performance, and economic viability of solar energy production. By leveraging advanced modeling techniques that consider both technical and economic factors, CSP plants can be designed to maximize energy output, reduce operational costs, and improve overall sustainability.