Fulfilling the Promise of Concentrating Solar Power
- Created on Thursday, 02 October 2014 23:12
Low-Cost Incentives Can Spur Innovation in the Solar Market
By Sean Pool and John Dos Passos Coggin. June 2013, Center for American Progress.
Concentrating solar power—also known as concentrated solar power, concen- trated solar thermal, and CSP—is a cost-effective way to produce electricity while reducing our dependence on foreign oil, improving domestic energy-price stabil- ity, reducing carbon emissions, cleaning our air, promoting economic growth, and creating jobs. One physicist has even touted it as the “technology that will save humanity.”
Grandiose claims aside, concentrating solar power has recently garnered the attention of the U.S. Department of Energy. The agency has created the SunShot Initiative to lead research into the technology—work that aims to increase effi- ciency, lower costs, and deliver more reliable performance from concentrating solar power. Additionally, high-profile U.S.-based companies such as IBM have invested in CSP research. Increasingly, private and public stakeholders believe that the technology holds the greatest potential to harness the power of the sun to meet national sustainability goals.
The Full Report can be downloaded HERE (1.2 MB )