Storehouses for Solar Energy Can Step In When the Sun Goes Down
nytimes.com
nytimes.com
Air-condition after sunset? Maybe, but that's an edge case for sure.
So if this thing actually costs $737MM to build, then the energy it stores would have to be sold at around around $200/Megawatt to pay back the loan in 10 years. More, if you want to cover operating costs.
What's the catch? That's far above current market rates.
Let's assume we get about the equivalent of 100 MW for 15 hours each day. That's 1500 MWh per day. Over 10 years at 365 days per year gives a total of 5'475'000 MW*hours.
The loan was 737 MUSD and let's assume that private investors will kick in the some to bring the total invest up to 1'000 MUSD. If you ignore operating costs this gives an average cost per MWh of 182.64 $/MWh.
The average cost of electricity in the US south west was around $40 MWh (http://www.eia.gov/electricity/monthly/update/wholesale_mark...).
This would indicate that the payback period for such a project must be longer than 10 years or that the expected cost of electricity will be higher in the future (or both).
Not at all. Here in the northeast we run the A/C on occasion during the evenings at times in July and August. I can imagine that humid areas in the south run A/C at night far more often.
I assume you mean $200/megawatt-hour which is close to the numbers I get. I guess they are assuming the peak-premium plus the renewable requirements will offset the premium price. They probably have a longer payback period too.
I don't know what the normal payback period is for generation infrastructure, maybe 15 years or so is not that unusual.
Not only do I wonder about the cost and environmental impact of hundreds of thousands of gallons of these chemicals, but observe that these are powerful oxidizers and will be even more so if liquid-hot. This will require storage tanks and piping that is not subject to oxidation, which will greatly add to the expense of construction.
Not only that, these salts are prime ingredients for bomb-making, so such plants will be potential terrorism targets, either as a source of bomb-making ingredients, or for attempts to create a hellacious, non-extinguishable fire by causing a massive release of the molten salt.
Edit: forgot reference...
[1] http://en.wikipedia.org/wiki/Solar_thermal_energy#Molten_sal...
If you're concerned about the impact of these being released into the environment, you should realize that we're already doing it deliberately on farms all over the country.
There's quite a bit of FUD about solar not being dispatchable (ready to generate at a moment's notice). Massive heat sinks are just one solution; a less capital intensive one is software that turns off electrical appliances when needed.