Abstract
This study demonstrates how a CSP plant with storage, especially one that is based on established technology viz. direct steam generation with molten salt storage medium, could be used to optimize the value creation for a plant developer under different incentive schemes and DNI. A dynamic model of the power plant is used to calculate yearly output and in-house cost functions are used to assess the economic performance. Based on different incentive schemes assumed, the CSP plant with molten salt storage system would be sized a bit differently. The various modes of operation of such a plant and the amount of time spent in certain modes changes with the optimum operational scheme. The operational flexibility and controllability of such a system is based on proven technology and thus the solution is shown to be adaptable for a variety of geographical conditions and incentive schemes.
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