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Technical and economic assessment of thermal energy storage in concentrated solar power plants within a spot electricity market

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  • Khamlich, Imane
  • Zeng, Kuo
  • Flamant, Gilles
  • Baeyens, Jan
  • Zou, Chongzhe
  • Li, Jun
  • Yang, Xinyi
  • He, Xiao
  • Liu, Qingchuan
  • Yang, Haiping
  • Yang, Qing
  • Chen, Hanping

Abstract

A techno-economic assessment of a 100 MWe concentrated solar power (CSP) plant with 8 h thermal energy storage (TES) capacity is presented, in order to evaluate the costs and performance of different storage configurations when integrating the CSP plant electricity into a spot market. Five different models were considered: a two-tank direct sensible heat storage (SHS), a two-tank indirect SHS, a single-tank thermocline heat storage, a latent heat storage (LHS) and thermochemical heat storage. The net present value (NPV) was selected as the most relevant metric that accounts the variability of prices over time. The system model advisor (SAM) software along with thermodynamic principles were used to obtain technical parameters. Excluding the solar field, power block and other cost contributions, the thermocline tank was the most profitable storage configuration with a higher financial profit of about USD 16 Million and USD 39 Million compared to the LHS and direct SHS respectively. The indirect SHS (USD -150 Million) and thermochemical heat storage (USD -253 Million) however presented the highest capital costs and consequently unprofitable investments. This paper provides reliable information to policy-makers and industrialists about the viability of the different TES technologies, and also helps the production optimization based on a price-driven strategy.

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  • Khamlich, Imane & Zeng, Kuo & Flamant, Gilles & Baeyens, Jan & Zou, Chongzhe & Li, Jun & Yang, Xinyi & He, Xiao & Liu, Qingchuan & Yang, Haiping & Yang, Qing & Chen, Hanping, 2021. "Technical and economic assessment of thermal energy storage in concentrated solar power plants within a spot electricity market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    • Handle: RePEc:eee:rensus:v:139:y:2021:i:c:s1364032120308674
    DOI: 10.1016/j.rser.2020.110583
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    2. Hossein Arasteh & Wahid Maref & Hamed H. Saber, 2023. "Energy and Thermal Performance Analysis of PCM-Incorporated Glazing Units Combined with Passive and Active Techniques: A Review Study," Energies, MDPI, vol. 16(3), pages 1-42, January.
    3. Sleiti, Ahmad K. & Al-Ammari, Wahib A., 2021. "Off-design performance analysis of combined CSP power and direct oxy-combustion supercritical carbon dioxide cycles," Renewable Energy, Elsevier, vol. 180(C), pages 14-29.
    4. Arunkumar, T. & Lim, Hyeong Woo & Lee, Sang Joon, 2022. "A review on efficiently integrated passive distillation systems for active solar steam evaporation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 155(C).
    5. Zhang, Shunqi & Liu, Ming & Zhao, Yongliang & Zhang, Kezhen & Liu, Jiping & Yan, Junjie, 2022. "Thermodynamic analysis on a novel bypass steam recovery system for parabolic trough concentrated solar power plants during start-up processes," Renewable Energy, Elsevier, vol. 198(C), pages 973-983.
    6. Xiao, Xiangsheng & Wang, JianXiao & Hill, David J., 2022. "Impact of Large-scale concentrated solar power on energy and auxiliary markets," Applied Energy, Elsevier, vol. 318(C).
    7. Berrada, Asmae, 2022. "Financial and economic modeling of large-scale gravity energy storage system," Renewable Energy, Elsevier, vol. 192(C), pages 405-419.
    8. Chen, Qi & Kuang, Zhonghong & Liu, Xiaohua & Zhang, Tao, 2022. "Energy storage to solve the diurnal, weekly, and seasonal mismatch and achieve zero-carbon electricity consumption in buildings," Applied Energy, Elsevier, vol. 312(C).
    9. Zhang, Shunqi & Liu, Ming & Zhao, Yongliang & Liu, Jiping & Yan, Junjie, 2022. "Energy and exergy analyses of a parabolic trough concentrated solar power plant using molten salt during the start-up process," Energy, Elsevier, vol. 254(PC).
    10. Dutta, Riya & Chanda, Kironmala & Maity, Rajib, 2022. "Future of solar energy potential in a changing climate across the world: A CMIP6 multi-model ensemble analysis," Renewable Energy, Elsevier, vol. 188(C), pages 819-829.

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