Table 1. High temperature sensible thermal energy storage system studies for CSP plants. For DMT systems, Pacheco et al. (2002) reported a specific cost of 21 US$/kWh th (i.e. the total cost of TES divided by the storage capacity) for a DMT tank filled with Quartzite compared to a 30 US$/kWh th specific cost in two-tank molten salt systems.
We propose herein that the true techno-economic advantage (or lack thereof) of choosing alternative TES systems should be judged by a ‘normalized cost of thermal energy storage (NCOTES)’ which normalizes the cost of storage systems with regards to their annual electricity generation capacity.
At present, considering an average storage cost of 22 US$/kWh th for the commercial thermal energy storage system in CSP plants, the cost of TES systems for utility scale applications is still ∼30–150 times lower than that of electricity storage systems ( Lai and McCulloch, 2017, Luo et al., 2015 ).
Comparative life cycle assessment of thermal energy storage systems for solar power plants Renew. Energy, 44 ( 2012), pp. 166 - 173 Development of a molten-salt thermocline thermal storage system for parabolic trough plants Design and optimization of lab-scale sensible heat storage prototype for solar thermal power plant application
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