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3 • • • • Identification of a potential demonstration plant and preliminary market assessment Economic and financial assessment of demonstration plant Development of SOW for next steps towards commercialization of STORES power plants. Generation of a final report. Description of Strategy and Processes Used There were two basic strategies used in this study, and they were pursued in parallel. • The first was to find the most suitable power plant in the range of one to ten megawatts, from a technical perspective. This was achieved by combining the skills of solar experts and geothermal power plant experts. Geothermal power plant experts have long been able to design power plants that take advantage of low temperature resources. They began to use the Organic Rankine Cycle (ORC) for several geothermal plants a few decades ago. Their expertise was crucial in coming up with optimum solar cycles • The second strategy was to find potential clients in the sun-belt that would be able to use solar energy from Trough type power plants and to determine their needs. Rather than build large solar plants for supplying power to the grid at wholesale energy prices, this strategy considered smaller power plants that would sell electricity to a customer currently paying retail prices, which are much higher than wholesale power prices. Whereas initially it was anticipated that likely customers would be off-grid, where storage would be of value, it was found that most potential customers already received grid power, but for several reasons would benefit from solar power as well. This finding changed the course of the study significantly, resulting in a new design 4 Reporting Details This study was performed in nine stages, with the tenth stage being the integration of the previous nine to reach conclusions and provide a course of action. 2PDF Image | Solar Trough Organic Rankine Electricity System (STORES) Stage 1: Power Plant Optimization and Economics
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