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Simulating the value of concentrating solar power with thermal energy storage in a production cost model

1st November 2012

Topic(s): Renewables, Solar energy, Economics

Concentrating solar power (CSP) deployed with thermal energy storage (TES) provides a dispatchable source of renewable energy. The value of CSP with TES, as with other potential generation resources, needs to be established using traditional utility planning tools. Production cost models, which simulate the operation of grid, are often used to estimate the operational value of different generation mixes. CSP with TES has historically had limited analysis in commercial production simulations. This document describes the implementation of CSP with TES in a commercial production cost model. It also describes the simulation of grid operations with CSP in a test system consisting of two balancing areas located primarily in Colorado.

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Simulating the value of concentrating solar power with thermal energy storage in a production cost model

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