Concentrated Solar Power with Storage
As grid penetration by wind and solar PV approaches 30%, their intermittency and time of peak production creates problems for grid stability and load management. Concentrated Solar Power with storage constitutes the most widely recognized dispatchable solution for electricity generation.
CSP with thermal storage also offers the best dispatchable price for generating electricity. CSP technology can also be used in other application such as process heat and desalination.
The global CSP market is continuing to grow with an estimated addressable receiver market of ~ $1Bn/yr by the year 2020.
*Data from: SEIA Market Insight; IRENA Report; Owens, The Rise of Distributed Power, GE Market Report; ACWA Power secures 550MW, CSP Today; and internal analysis.