247Solar Plants Outperform PV
Cost-Competitive With All Power Technologies
247Solar Plants operate every hour of every day, delivering power when needed, not just when the sun shines. Unlike the intermittent operation of PV that destabilizes electric grids, 247Solar Plants stabilize grids by adjusting their power output instantly to voltage fluctuations and changing demand. 247Solar Plants can be co-located with PV to provide grid stabilization and firmly-dispatchable power. 247Solar Plants store solar energy as heat in a proprietary 247Solar Thermal Storage System™ at a cost that is just 10% that of storing electricity in batteries.
|PV/th>||247Solar Plants (targeted)|
|Annual Operation: hours/yr||1752||8760|
|Total Annual Output: kWh/yr||700,800||3,504,000|
|Assumed Value of Power (tariff): $/kWh||$0.10||$0.10|
|Annual Revenue: $/yr||70,000||350,000|
|Fuel Cost @$5/MBTU, 2760 hr/yr: $/yr||0||($55,000)|
|Net Total Annual Revenue: $/yr||70,000||295,000|
|System CAPEX: $/kW||~1500||~5000|
|Total System CAPEX: $||~600,000||~2,000,000|
|Total system CAPEX/total annual revenue||8.5/1||6.8/1|
|Land Requirements||~1.5 Hectacres||~2 Hectacres|
|Power Availability||Sunshine Only||24/7|
1) CAPEX for PV per kWh-year is 51% greater than for the targeted CAPEX for 247Solar Plants
2) Targeted CAPEX of a 247Solar Plant compared with gross annual revenue is superior to PV.
CHP (Combined Heating Power) versions of the 247Solar Plant can provide even greater superiority.