Owing
to the negative effects of the use of fossil fuels on the
environment, the need for renewable energies has gained higher
acceptance in the power generation sector in the last few years. Many
research and development programs for alternative modes of power
generation have been promoted through incentive schemes and
supportive programs. These factors have given rise to the need for
sustainable energy solutions such as thermal energy storage
technologies.
Browse
Molten Salt Thermal Energy Storage Market the full report at
http://www.transparencymarketresearch.com/molten-salt-thermal-energy-storage-market.html
Thermal
energy storage projects enable storage of renewable energy,
especially solar energy. They are widely regarded as the future of
the renewable energy scenario because of their various benefits. A
thermal storage system allows a solar power plant to optimize the
electricity load profile and meet specific market needs even after
the sun goes down. Nowadays, energy demands are effectively managed
through the utilization of global molten salt thermal energy storage
market.
TES
Systems May Provide Half-Price Grid Energy Storage in Coming Years
Molten
salt thermal energy storage systems are capable of replacing coal or
oil-based resources with cheaper and cost-effective storage systems
that could enable power grids to accommodate large amounts of
renewable energy. These systems have the ability to optimize the
overall efficiency of energy systems and balance the fluctuating
demand from the power generation industry. Due to these
characteristics, molten salt energy storage systems could cut the
price of grid electricity by up to 50% in the coming years.
Unlike
the operating parabolic troughs plants, which utilize synthetic
aromatic fluid to attain temperatures higher than 400ºC and become
inoperable at that temperature, molten salt, which is used as a heat
storage medium, can be used as a working fluid with more allowance
for high temperatures. Using molten salt as a medium of heat transfer
fluid enables a new plant configuration, which can lead to greater
savings at different levels of industrial operation.
Diverse
Applicability of Molten Salt TES Systems Benefits Global Market
The
performance of molten salt thermal energy storage systems depends on
the operational needs, applicability, number of users, and number and
frequency of the storage cycle. TES systems are becoming an integral
part of electricity storage in concentrated solar power (CSP) plants.
They are used particularly in buildings and industrial processes, and
can help reduce CO2 emissions and energy consumption and costs, while
increasing the overall efficiency of the energy systems. Molten salt
thermal energy storage (TES) systems are suitable for a variety of
applications in the renewable energy industry. Solar power plants
using parabolic trough or power tower technology, back-up heating
systems for HTF (hot oil or molten salt), and initial nitrate systems
responsible for supply and handling of the nitrates are some of the
key applications of TES systems market.
Leading
Market Players Continue their Research on Solar Power with Molten
Salt Storage
Key
players such as AREVA, Siemens AG, Abengoa Solar S.A., and Pratt &
Whitney Rocketdyne Inc. are continuously making efforts to build
pilot electricity storage systems that use molten salt. Halotechnics,
a startup in California, has built a pilot-scale energy storage
system that provides a cost-effective and practical way of storing
large amounts of electricity. Halotechnics TES systems cost half as
much as battery storage and offer the cheapest way of storing large
amounts of electricity.
Similarly,
a team of Sandia National Laboratories, in collaboration with AREVA,
designed a 100-foot-tall structure and compact linear Fresnel
reflectors to collect and store thermal energy in molten salt.
Browse
Press Release
http://www.transparencymarketresearch.com/pressrelease/molten-salt-thermal-energy-storage-market.htm
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.Nachiket
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment