Turning Up the Heat on Advanced Concentrating Solar Power Components

December 25, 2013 | State of the Market Report

After winning huge investments from financiers and government agencies just a few years ago, concentrating solar power (CSP) has fallen out of the limelight. As photovoltaic (PV) module prices have crashed since 2010, CSP project developers have canceled numerous projects or replaced the technology with PV. To reverse the dwindling CSP pipeline and combat the crystalline silicon onslaught, CSP technology providers need to develop and integrate advanced components that can increase operating temperatures, integrate low-cost thermal energy storage (TES), reduce materials, and maintain system performance. Our analysis shows that in 202o, these advanced components integrated into power tower and linear Fresnel reflector systems with TES can reduce the levelized cost of energy (LCOE) of CSP below that of utility-scale multicrystalline silicon (mc-Si) in high direct normal irradiance environments. Such advances could bring CSP back into relevance and add a much-needed reactive power source to the world’s suite of intermittent renewable energy solutions.

Coverage Areas

  • Next Generation Power
  • Owning the Energy Transition

Table of Contents

  • Executive Summary
  • Landscape
  • Analysis
  • Outlook
  • Endnotes

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978