Solar power plants based on concentrating solar thermal (CSP) can make a significant contribution to the global energy transition: they can generate up to 25 % of the renewable energy needed worldwide. CSP plants produce green electricity with the energy of the sun. A decisive advantage of CSP technology is the storage capability of its energy: CSP plants supply electricity 24/7 – around the clock. At competitive prices.
CSP storage capacities make the energy systems more stable, allowing increased use of wind and PV by reducing curtailment. CSP plants can produce green heat. This is how solar energy enters local and district heating ntworks. CSP also provides sufficiently high temperatures for the process steam that industry so urgently needs – including for the production of green hydrogen. CSP is a technology that has been tried and tested for decades – and yet has only just begun to unfold its true potential and significance for the global energy system.
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