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Cost of Concentrated solar power (CSP) projects fell from USD 0.38/kWh to USD 0.118/kWh – a decline of 69%

Concentrated solar power (CSP) saw its global weighted‑average LCOE fall from 591% higher than the cheapest fossil fuel option in 2010 to 71% higher in 2022. Concentrated solar power (CSP) deployment remains disappointing, with less than 0.1 GW added in 2022 and global cumulative capacity standing at 6.5 GW at the end of 2022. For …

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Thermoeconomic analysis and multiple parameter optimization of a combined heat and power plant based on molten salt heat storage

The global energy supply is transitioning to sustainable, low-carbon energy. Power-to-heat technology with molten salt thermal energy storage (TES) is a potential way to accommodate renewable power, and the stored heat can be converted to heat and electricity for residential heating and power supply with a combined heat and power plant (CHP). In this study, …

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