Being competitive in the energy sector is now of paramount importance for the two most established CSP technologies, parabolic trough and power tower.
Being competitive in the energy sector is now of paramount importance for the two most established CSP technologies, parabolic trough and power tower. As other renewable energies like PV and wind reduce their LCOE, none of these technologies can provide energy on demand.
CSP with thermal storage can reduce peak demand, maintaining a high operational value and high capacity value. CSP can therefore dispatch electricity when needed and stabilise the grid and overcome intermittency. These factors are not always mentioned when calculating LCOE, therefore governments and utilities must consider other factors apart from costs when selecting their energy mix pool.
With energy supply a critical issue for countries like South Africa, CSP’s thermal storage capability can offer dispatchable energy that will stabilize the grid for years to come. Therefore, gaining an understanding of storage technology is the next step for this increasing market.
For this reason CSP Today has launched the guide “CSP Storage in South Africa”, providing exclusive insight on the very latest storage R&D and technologies that will reduce costs, the impact on cost and how the new Time Of Day tariff introduced by the Department of Energy (DoE) will make CSP with storage the leading technology choice.