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Concentrated solar power (CSP) technology uses mirrors or lenses to concentrate sunlight onto a small area to produce heat. This heat is then used to generate electricity in a steam turbine or engine. CSP systems can be used to power a single home or business, or they can be used on a much larger scale to power entire cities.
There are several different types of CSP technology, each with its own advantages and disadvantages. The most common type of CSP is parabolic trough technology, which uses long, curved mirrors to concentrate sunlight onto a central receiver tube. Parabolic trough systems are the most mature CSP technology, and they are currently the only type of CSP in commercial operation at utility-scale.
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Key Trends
The main advantage of CSP over other solar power technologies is that it can be used to store energy, in the form of heat, which can then be used to generate electricity even when the sun is not shining. This makes CSP an attractive option for providing power at night or during periods of cloudy weather.
A number of different CSP technologies are currently in use or under development. The most common are parabolic troughs, solar towers, and parabolic dishes.
Parabolic troughs are the most mature CSP technology, with commercial plants in operation for over 20 years. They consist of long, curved mirrors that focus sunlight onto a receiver tube, which contains a fluid that is heated to a high temperature. The hot fluid is then used to generate steam, which drives a turbine to produce electricity.
Solar towers use a large number of mirrors (heliostats) to focus sunlight onto a receiver at the top of a tower. The receiver contains a fluid that is heated to a high temperature, which is then used to generate electricity.
Parabolic dishes are similar to solar towers, but instead of using a tower, they use a large parabolic dish to focus sunlight onto a receiver. The receiver contains a Stirling engine, which converts the heat from the fluid into electricity.
The main trends in CSP technology are towards larger plants with higher capacities, and towards the use of storage to provide power at night or during periods of cloudy weather.
Key Drivers
The key drivers of the CSP market are the same drivers that are driving the growth of the renewable energy market as a whole: the declining cost of renewable energy technology, the need to reduce greenhouse gas emissions, and the need to diversify the energy mix.
The declining cost of CSP technology is making it increasingly competitive with other forms of generation, such as natural gas. In some cases, CSP is already the cheapest option for new generation. The levelized cost of electricity from CSP is expected to continue to decline as technology improves and more projects are built.
The need to reduce greenhouse gas emissions is driving the growth of the CSP market as countries look to meet their climate goals. CSP is a low-carbon technology, and can help countries transition away from fossil fuels.
The need to diversify the energy mix is also driving the CSP market as countries look to reduce their reliance on any one particular fuel. CSP can provide power when the sun is shining, even when the wind isn’t blowing, making it a complementary technology to other renewable energy sources.
Market Segments
By Technology:
- Solar Power Tower
- Linear Concentrating Systems
- Stirling Dish technology
By Operation Type:
- Stand-alone Systems
- With Storage
Key Players
- Abengoa Solar
- BrightSource Energy
- First Solar
- SolarReserve
- Schott Solar
- Solar Millennium
- Solel
- ACS Cobra
- Acciona
- Areva Solar
- SunPower
- Q-Cells
- Sharp Solar
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