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Levelized cost of energy (LCOE) metric to characterize solar absorber coatings for the CSP industry

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  • Boubault, Antoine
  • Ho, Clifford K.
  • Hall, Aaron
  • Lambert, Timothy N.
  • Ambrosini, Andrea

Abstract

The contribution of each component of a power generation plant to the levelized cost of energy (LCOE) can be estimated and used to increase the power output while reducing system operation and maintenance costs. The LCOE is used in order to quantify solar receiver coating influence on the LCOE of solar power towers. Two new parameters are introduced: the absolute levelized cost of coating (LCOC) and the LCOC efficiency. Depending on the material properties, aging, costs, and temperature, the absolute LCOC enables quantifying the cost-effectiveness of absorber coatings, as well as finding optimal operating conditions. The absolute LCOC is investigated for different hypothetic coatings and is demonstrated on Pyromark 2500 paint. Results show that absorber coatings yield lower LCOE values in most cases, even at significant costs. Optimal reapplication intervals range from one to five years. At receiver temperatures greater than 700 °C, non-selective coatings are not always worthwhile while durable selective coatings consistently reduce the LCOE—up to 12% of the value obtained for an uncoated receiver. The absolute LCOC is a powerful tool to characterize and compare different coatings, not only considering their initial efficiencies but also including their durability.

Suggested Citation

  • Boubault, Antoine & Ho, Clifford K. & Hall, Aaron & Lambert, Timothy N. & Ambrosini, Andrea, 2016. "Levelized cost of energy (LCOE) metric to characterize solar absorber coatings for the CSP industry," Renewable Energy, Elsevier, vol. 85(C), pages 472-483.
    • Handle: RePEc:eee:renene:v:85:y:2016:i:c:p:472-483
    DOI: 10.1016/j.renene.2015.06.059
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    References listed on IDEAS

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    2. Hoz, Jordi de la & Martín, Helena & Montalà, Montserrat & Matas, José & Guzman, Ramon, 2018. "Assessing the 2014 retroactive regulatory framework applied to the concentrating solar power systems in Spain," Applied Energy, Elsevier, vol. 212(C), pages 1377-1399.
    3. Dongli Tan & Yao Wu & Zhiqing Zhang & Yue Jiao & Lingchao Zeng & Yujun Meng, 2023. "Assessing the Life Cycle Sustainability of Solar Energy Production Systems: A Toolkit Review in the Context of Ensuring Environmental Performance Improvements," Sustainability, MDPI, vol. 15(15), pages 1-37, July.
    4. Caron, Simon & Garrido, Jorge & Ballestrín, Jesus & Sutter, Florian & Röger, Marc & Manzano-Agugliaro, Francisco, 2022. "A comparative analysis of opto-thermal figures of merit for high temperature solar thermal absorber coatings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
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    6. Barbón, A. & Carreira-Fontao, V. & Bayón, L. & Silva, C.A., 2023. "Optimal design and cost analysis of single-axis tracking photovoltaic power plants," Renewable Energy, Elsevier, vol. 211(C), pages 626-646.

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