New solar photovoltaic (PV) and onshore wind power are on the verge of costing less than the marginal operating cost of existing coal-fired plants. Improved competitiveness has made renewables the backbone of the world’s energy transformation. Although this transformation is very exciting, the intermittency of wind and solar PV electricity generation, in combination with the high cost of electricity storage options, means the world still relies on fossil fuels for the majority of its base load and peak electricity demand.
Concentrated solar power (CSP) solves this issue by integrating cheap, durable, and long-lasting thermal energy storage, which can be used to generate electricity after the sun has gone down.
Odqa turns up the heat on CSP with its proprietary aerospace heat capture system, which increases the operating temperature of the receiver tower, unlocks the use of high temperature cycles in the power block, and raises the power output by up to 100%. This increase in power output significantly reduces the price of electricity produced, making it cost-competitive with all other forms of dispatchable power.