Economic Viability and Cost Analysis of Thermal Energy Storage in Concentrated Solar Power Systems

Abstract

This short communication examines the economic viability and cost considerations of Thermal Energy Storage (TES) in Concentrated Solar Power (CSP) systems. We analyze the capital and operational costs associated with various TES technologies, focusing on molten salt systems. The study highlights the impact of TES on Levelized Cost of Electricity (LCOE) and discusses potential pathways for cost reduction to enhance the competitiveness of CSP with TES