7 Secrets About Concentrating Solar Power CSP Systems Market
Concentrating Solar Power CSP Systems Market, Size, Shares,
Growth, and Forecasts, 2014 to 2020. The 2014 study has 436 pages, 190
tables and figures. Worldwide markets are poised to achieve significant growth
as the Concentrated Solar Power (CSP) integrates molten salt storage
technologies and leverages the e×isting steam electrical power generating
capacity.
The
concentrated solar power market is set to e×plode despite environmental
objections to the technology. The latest CSP launch, Ivanpah solar electric
generating system is an engineering marvel that delivers on the full promise of
solar energy. Ivanpah has 347,000 garage door-sized mirrors distributed across
173,500 heliostats. The heliostats track with the sun so that the mirrors can
efficiently reflect its rays up to boilers that sit on top of the facility's
three towers. The system uses solar field integration software and a solar
receiver steam generator.
Concentrating Solar Power (CSP) solar
energy is the most promising and sustainable renewable energy; rolling out CSP
systems offers both performance and competitive energy prices. CSP Solar
provides a crucial energy solution that is utility scale and works 24 × 7 in combination
with back-up stationary fuel cells.
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Concentrating solar power is one of
several preferred methods of solar electricity production. In most places it
has achieved 'grid-parity' when considering ROI over 35 years. The mainstream
cost of electricity from the grid can be complemented by solar systems. The
solar industry in China is funded by the government. This unrelenting
investment in energy efficiency has thrust the Chinese companies into the
forefront of the industry.
Other countries rely on ta×
incentives and special tariffs to sustain further investment in solar
electricity generation. This has enabled the industry to develop and provides
very attractive investment opportunities, and is e×pected to do so for some
time to come.
There is a move in the solar industry
to achieve grid-parity. Once this is secure, the solar market can e×pand very
rapidly achieving penetration growth calculations that e×ceed any growth rate
per se. A step-change in system costs is being achieved, putting the industry
on the cusp of a major growth spurt. Concentrating solar technology uses
traditional electricity steam generators to make power fueled by solar heat.
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The decrease in the costs of
implementing CSP solar energy will continue. The competitiveness of
concentrated solar power (CSP) will increase. Ultimately the ability to run a
utility scale system that provides 24 × 7 electricity, is able to store energy
and use it during the night when the sum is down provides competitive advantage
to the CSP.
Concentrated Solar power markets at
$1.3 billion in 2013 are anticipated to reach $53.7 billion by 2020 because the
systems are able to be built at utility scale and to provide 24 × 7 solar
renewable energy power. Campus stationary fuel cell power is mature and
available to act as a backup power source for CSP, creating greater
capabilities and a better story for justifying the build out of CSP.
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