CSP Today's latest Expert Column addresses the question: Is CSP an expensive or viable investment?
Simon Stevens, legal counsel at the Middle East Solar Industry Association, and Kevin Smith, CEO of SolarReserve, outline the challenges and opportunities associated with concentrated solar power. A key factor for both is the development of cost-effective energy storage:
"The importance in the long run of solar becoming a dispatchable power producer shouldn’t be underestimated," Stevens writes. "PV may be viewed as being a lower cost, relatively simple and proven technology right now, but that all tends to become a lot less clear cut once the question of storage is brought into the discussion."
"The pace of implementation and cost reductions for PV has been dramatic, but the energy storage issue has not been resolved and will increasingly challenge electrical distribution systems," Smith writes. "With increased CSP implementation, I anticipate similar efficiency and cost improvements for CSP, but a cost-effective storage solution with CSP has already been achieved.”