27 Feb '14, 8am

Lux Research: Concentrating solar power has the potential to beat solar PV on cost

Lux Research Inc. (Boston, Massachusetts, U.S.) has released a new report which says that despite an expected market decline for concentrating solar power (CSP) over the next five years, the technology has the potential to offer lower levelized cost of electricity (LCOE) than multicrystalline silicon (mc-Si) solar photovoltaics (PV). In “Turning Up the Heat on Advanced Concentrating Solar Components”, Lux says that this could lead to a rebound in the technology. The company looks at various avenues for cost reduction, concluding that thermal energy storage systems offer the most potential. “CSP has fallen by the wayside of the solar industry after attracting huge amounts of government and investor money in 2010 and 2011,” said Lux Research Associate Ed Cahill, lead author of the report. “But the industry can still bring the technology back to the forefront for utility-scal...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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