Efficiency Improvement and Potential LCOE Reduction with an LFR-XX SMS Plant with Storage

Abstract

Several forms of renewable energy have in the last decade achieved a remarkable technological improvement and cost effectiveness, including Solar Energy. Photovoltaic systems (PV) are reaching grid parity in the sunniest regions of Europe. Apart from PV, a promising technology is Concentrated Solar Power (CSP) with thermal storage, because it enables higher power plant availability throughout the year as well as dispatchability, a highly important and valuable feature for a power plant. However significant cost reductions are still to be achieved, for CSP to be competitive with conventional electricity production and with PV.

In this paper a few technological improvements are described and a proposal is made to combine them in a system that is more efficient and has, simultaneously, the potential of being cheaper. The goal is to show the potential for advanced LFR concepts in combination with high temperature molten salt mixtures and energy storage as being also important contenders to the objective of bringing STE- Solar Thermal Electricity to the market in a competitive way. The concept presented and developed includes a higher ΔT of the heat transfer fluid (HTF), a particular storage strategy and a new optical concept based on a new Linear Fresnel Concentrator (LFR XX SMS-Simultaneous Multiple Surface, Fig.1,2, [1] enabling an important increase in the overall yearly solar to electricity conversion efficiency and generating an important potential for electricity cost reduction. It is shown that values approaching 10eurocents/kWh, for a 50MW plant with 7 hours storage capacity are possible in Southern Europe.