Technology - 02/April/2021

Concentrated solar power faces existential threat

It cannot easily compete with wind and solar PV for daytime electricity generation but in countries with high levels of direct solar irradiation concentrated solar power could play a vital role in decarbonising energy systems thanks to its ability to act as a thermal battery for overnight production. But few markets are rewarding dispatchable overnight renewable energy, putting the future of the industry at risk

Unless markets put a premium on dispatchable renewable energy there is a danger that concentrated solar power will not achieve the cost cuts it needs to remain viable

COST REDUCTION The concentrated solar power sector needs to more than double for the technology to remain competitive against photovoltaic systems equipped with batteries

LIMITED MARKETS At the moment only two markets in the world are rewarding the kind of dispatchable night-time generation that concentrated solar power is uniquely positioned to offer

KEY QUOTE You need to understand that CSP technology cannot be compared directly with intermittent renewables ...

 

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