IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v139y2021ics1364032120308674.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032120308674
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2020.110583?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zhang, Huili & Kong, Weibin & Tan, Tianwei & Baeyens, Jan, 2017. "High-efficiency concentrated solar power plants need appropriate materials for high-temperature heat capture, conveying and storage," Energy, Elsevier, vol. 139(C), pages 52-64.
    2. Viebahn, Peter & Lechon, Yolanda & Trieb, Franz, 2011. "The potential role of concentrated solar power (CSP) in Africa and Europe--A dynamic assessment of technology development, cost development and life cycle inventories until 2050," Energy Policy, Elsevier, vol. 39(8), pages 4420-4430, August.
    3. Shengjun, Zhang & Huaixin, Wang & Tao, Guo, 2011. "Performance comparison and parametric optimization of subcritical Organic Rankine Cycle (ORC) and transcritical power cycle system for low-temperature geothermal power generation," Applied Energy, Elsevier, vol. 88(8), pages 2740-2754, August.
    4. Medrano, Marc & Gil, Antoni & Martorell, Ingrid & Potau, Xavi & Cabeza, Luisa F., 2010. "State of the art on high-temperature thermal energy storage for power generation. Part 2--Case studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 56-72, January.
    5. Sengupta, Manajit & Xie, Yu & Lopez, Anthony & Habte, Aron & Maclaurin, Galen & Shelby, James, 2018. "The National Solar Radiation Data Base (NSRDB)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 89(C), pages 51-60.
    6. Tao, Y.B. & He, Ya-Ling, 2018. "A review of phase change material and performance enhancement method for latent heat storage system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 245-259.
    7. Liu, Ming & Saman, Wasim & Bruno, Frank, 2012. "Review on storage materials and thermal performance enhancement techniques for high temperature phase change thermal storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 2118-2132.
    8. Kenisarin, Murat M., 2010. "High-temperature phase change materials for thermal energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 955-970, April.
    9. Benoit, H. & Spreafico, L. & Gauthier, D. & Flamant, G., 2016. "Review of heat transfer fluids in tube-receivers used in concentrating solar thermal systems: Properties and heat transfer coefficients," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 298-315.
    10. Liu, Ming & Steven Tay, N.H. & Bell, Stuart & Belusko, Martin & Jacob, Rhys & Will, Geoffrey & Saman, Wasim & Bruno, Frank, 2016. "Review on concentrating solar power plants and new developments in high temperature thermal energy storage technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 1411-1432.
    11. Zhang, H.L. & Baeyens, J. & Degrève, J. & Cacères, G., 2013. "Concentrated solar power plants: Review and design methodology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 466-481.
    12. Paul L. Joskow, 2011. "Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies," American Economic Review, American Economic Association, vol. 101(3), pages 238-241, May.
    13. Kaygusuz, Kamil, 2011. "Prospect of concentrating solar power in Turkey: The sustainable future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 808-814, January.
    14. Pardo, P. & Deydier, A. & Anxionnaz-Minvielle, Z. & Rougé, S. & Cabassud, M. & Cognet, P., 2014. "A review on high temperature thermochemical heat energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 32(C), pages 591-610.
    15. Zhang, Huili & Benoit, Hadrien & Perez-Lopèz, Inmaculada & Flamant, Gilles & Tan, Tianwei & Baeyens, Jan, 2017. "High-efficiency solar power towers using particle suspensions as heat carrier in the receiver and in the thermal energy storage," Renewable Energy, Elsevier, vol. 111(C), pages 438-446.
    16. Joskow, Paul L., 2008. "Capacity payments in imperfect electricity markets: Need and design," Utilities Policy, Elsevier, vol. 16(3), pages 159-170, September.
    17. Cocco, Daniele & Serra, Fabio, 2015. "Performance comparison of two-tank direct and thermocline thermal energy storage systems for 1 MWe class concentrating solar power plants," Energy, Elsevier, vol. 81(C), pages 526-536.
    18. Jegadheeswaran, S. & Pohekar, Sanjay D., 2009. "Performance enhancement in latent heat thermal storage system: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2225-2244, December.
    19. Singh, Harmeet & Saini, R.P. & Saini, J.S., 2010. "A review on packed bed solar energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1059-1069, April.
    20. Sharma, Atul & Tyagi, V.V. & Chen, C.R. & Buddhi, D., 2009. "Review on thermal energy storage with phase change materials and applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(2), pages 318-345, February.
    21. Prieto, Cristina & Cooper, Patrick & Fernández, A. Inés & Cabeza, Luisa F., 2016. "Review of technology: Thermochemical energy storage for concentrated solar power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 909-929.
    22. Tian, Y. & Zhao, C.Y., 2013. "A review of solar collectors and thermal energy storage in solar thermal applications," Applied Energy, Elsevier, vol. 104(C), pages 538-553.
    23. Herrmann, Ulf & Kelly, Bruce & Price, Henry, 2004. "Two-tank molten salt storage for parabolic trough solar power plants," Energy, Elsevier, vol. 29(5), pages 883-893.
    24. Zhang, H.L. & Baeyens, J. & Degrève, J. & Cáceres, G. & Segal, R. & Pitié, F., 2014. "Latent heat storage with tubular-encapsulated phase change materials (PCMs)," Energy, Elsevier, vol. 76(C), pages 66-72.
    25. Dunham, Marc T. & Iverson, Brian D., 2014. "High-efficiency thermodynamic power cycles for concentrated solar power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 758-770.
    26. Gil, Antoni & Medrano, Marc & Martorell, Ingrid & Lázaro, Ana & Dolado, Pablo & Zalba, Belén & Cabeza, Luisa F., 2010. "State of the art on high temperature thermal energy storage for power generation. Part 1--Concepts, materials and modellization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 31-55, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yerudkar, Aditi N. & Kumar, Durgesh & Dalvi, Vishwanath H. & Panse, Sudhir V. & Gaval, Vivek R. & Joshi, Jyeshtharaj B., 2024. "Economically feasible solutions in concentrating solar power technology specifically for heliostats – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    2. 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).
    3. Berrada, Asmae, 2022. "Financial and economic modeling of large-scale gravity energy storage system," Renewable Energy, Elsevier, vol. 192(C), pages 405-419.
    4. David Borge-Diez & Enrique Rosales-Asensio & Ana I. Palmero-Marrero & Emin Acikkalp, 2022. "Optimization of CSP Plants with Thermal Energy Storage for Electricity Price Stability in Spot Markets," Energies, MDPI, vol. 15(5), pages 1-25, February.
    5. 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).
    6. 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.
    7. 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).
    8. 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.
    9. 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).
    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.
    11. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Islam, Md Tasbirul & Huda, Nazmul & Abdullah, A.B. & Saidur, R., 2018. "A comprehensive review of state-of-the-art concentrating solar power (CSP) technologies: Current status and research trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 987-1018.
    2. Pelay, Ugo & Luo, Lingai & Fan, Yilin & Stitou, Driss & Castelain, Cathy, 2019. "Integration of a thermochemical energy storage system in a Rankine cycle driven by concentrating solar power: Energy and exergy analyses," Energy, Elsevier, vol. 167(C), pages 498-510.
    3. Opolot, Michael & Zhao, Chunrong & Liu, Ming & Mancin, Simone & Bruno, Frank & Hooman, Kamel, 2022. "A review of high temperature (≥ 500 °C) latent heat thermal energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 160(C).
    4. Jin, Kaiyuan & Wirz, Richard E., 2020. "Sulfur heat transfer behavior in vertically-oriented and nonuniformly‑heated isochoric thermal energy storage systems," Applied Energy, Elsevier, vol. 260(C).
    5. Mao, Qianjun, 2016. "Recent developments in geometrical configurations of thermal energy storage for concentrating solar power plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 320-327.
    6. Zeinelabdein, Rami & Omer, Siddig & Gan, Guohui, 2018. "Critical review of latent heat storage systems for free cooling in buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2843-2868.
    7. Jayathunga, D.S. & Karunathilake, H.P. & Narayana, M. & Witharana, S., 2024. "Phase change material (PCM) candidates for latent heat thermal energy storage (LHTES) in concentrated solar power (CSP) based thermal applications - A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PB).
    8. Arias, I. & Cardemil, J. & Zarza, E. & Valenzuela, L. & Escobar, R., 2022. "Latest developments, assessments and research trends for next generation of concentrated solar power plants using liquid heat transfer fluids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    9. Pelay, Ugo & Luo, Lingai & Fan, Yilin & Stitou, Driss & Rood, Mark, 2017. "Thermal energy storage systems for concentrated solar power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 82-100.
    10. Zhang, Huili & Kong, Weibin & Tan, Tianwei & Baeyens, Jan, 2017. "High-efficiency concentrated solar power plants need appropriate materials for high-temperature heat capture, conveying and storage," Energy, Elsevier, vol. 139(C), pages 52-64.
    11. Pintaldi, Sergio & Perfumo, Cristian & Sethuvenkatraman, Subbu & White, Stephen & Rosengarten, Gary, 2015. "A review of thermal energy storage technologies and control approaches for solar cooling," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 975-995.
    12. Hobold, Gustavo M. & da Silva, Alexandre K., 2017. "Critical phenomena and their effect on thermal energy storage in supercritical fluids," Applied Energy, Elsevier, vol. 205(C), pages 1447-1458.
    13. Xu, Xinhai & Vignarooban, K. & Xu, Ben & Hsu, K. & Kannan, A.M., 2016. "Prospects and problems of concentrating solar power technologies for power generation in the desert regions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 1106-1131.
    14. Mohamed, Shamseldin A. & Al-Sulaiman, Fahad A. & Ibrahim, Nasiru I. & Zahir, Md. Hasan & Al-Ahmed, Amir & Saidur, R. & Yılbaş, B.S. & Sahin, A.Z., 2017. "A review on current status and challenges of inorganic phase change materials for thermal energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1072-1089.
    15. Gabriel Zsembinszki & Aran Solé & Camila Barreneche & Cristina Prieto & A. Inés Fernández & Luisa F. Cabeza, 2018. "Review of Reactors with Potential Use in Thermochemical Energy Storage in Concentrated Solar Power Plants," Energies, MDPI, vol. 11(9), pages 1-23, September.
    16. Cabeza, Luisa F. & Solé, Aran & Fontanet, Xavier & Barreneche, Camila & Jové, Aleix & Gallas, Manuel & Prieto, Cristina & Fernández, A. Inés, 2017. "Thermochemical energy storage by consecutive reactions for higher efficient concentrated solar power plants (CSP): Proof of concept," Applied Energy, Elsevier, vol. 185(P1), pages 836-845.
    17. Hirbodi, Kamran & Enjavi-Arsanjani, Mahboubeh & Yaghoubi, Mahmood, 2020. "Techno-economic assessment and environmental impact of concentrating solar power plants in Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 120(C).
    18. Schmidt, Matthias & Linder, Marc, 2017. "Power generation based on the Ca(OH)2/ CaO thermochemical storage system – Experimental investigation of discharge operation modes in lab scale and corresponding conceptual process design," Applied Energy, Elsevier, vol. 203(C), pages 594-607.
    19. Palacios, A. & Barreneche, C. & Navarro, M.E. & Ding, Y., 2020. "Thermal energy storage technologies for concentrated solar power – A review from a materials perspective," Renewable Energy, Elsevier, vol. 156(C), pages 1244-1265.
    20. Bayon, Alicia & Bader, Roman & Jafarian, Mehdi & Fedunik-Hofman, Larissa & Sun, Yanping & Hinkley, Jim & Miller, Sarah & Lipiński, Wojciech, 2018. "Techno-economic assessment of solid–gas thermochemical energy storage systems for solar thermal power applications," Energy, Elsevier, vol. 149(C), pages 473-484.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:139:y:2021:i:c:s1364032120308674. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.