The Economic and Reliability Benefits of CSP with Thermal Energy Storage: Literature Review and Research Needs, 2014

The Concentrating Solar Power Alliance (CSPA) issued an updated version of a technical report titled, “The Economic and Reliability Benefits of CSP with Thermal Energy Storage: Literature Review and Research Needs, 2014″

First published in 2012, this revised and expanded 124 page report incorporates the latest research on the economic and reliability benefits of CSP with thermal energy storage and serves as a comprehensive guide to understanding.

“As the penetration of variable renewable energy resources increases  worldwide, more attention is being paid to the effects of renewable  energy on power system reliability and operations,” said Tex Wilkins,  executive director of the CSP Alliance. “As we explore in this report,  CSP with thermal energy storage is a potential solution that meets clean  energy and climate change policy goals, reduces the variability of the  aggregate renewable energy portfolios and provides a wide range of  operational and reliability benefits.”

The full range of utility and market services in energy, ancillary  services and capacity are reviewed in detail, including valuation  methodologies. Resource adequacy, long term reliability, integration and  curtailment costs are examined together with estimates of total power  system economic benefits for CSP with thermal storage. Implications for  U.S. and international regulatory and market regimes are also explored,  together with recommendations for future research.

“This report is intended for utilities, regulators, policymakers and  grid operators, and it presents a framework for more informed  decision-making in the evaluation of competing resources to achieve  better outcomes for energy consumers,” said Joe Desmond, senior vice  president of marketing and government affairs for BrightSource Energy, a  CSPA member company. “As evidenced in this report, CSP is uniquely  positioned to be a cornerstone of a low carbon energy mix with its  long-term economic and reliability value.”

Download the report here.