Provides dispatchable renewable electricity with 10-15 hour storage duration, enables grid stability services including frequency regulation and voltage support, and uses abundant materials without rare earth elements. CSP plants have 25-30 year operational lifespans with predictable performance. The technology supports industrial process heat applications.
Requires high direct solar irradiation limiting deployment to desert regions, substantial water consumption for cooling systems in arid environments, and high capital costs of $3,000-6,000 per kW[1]. Complex installations require specialized expertise and maintenance. Competition from declining photovoltaic and battery storage costs.