The federal government’s $65 million funding for a major Concentrated Solar Thermal Power (CSP) project at Port Augusta is a positive step towards implementing long-duration renewable storage in the electricity grid and recognises the key role that CSP can play, says the Australian Solar Thermal Industry Association (AUSTELA).
The Global Solar Thermal Market is valued at USD 20.1 Billion in 2021 and is projected to reach USD 26.7 Billion by 2028 at a CAGR (Compound Annual Growth Rate)
Energy storage is a fundamental requirement as we transition to renewable energy sources. Thermal energy storage is very effective, has high energy density and very low cost.
/PRNewswire/ Solar Thermal Market Research Report by Collector Type, Type of System, Application, Region - Global Forecast to 2027 - Cumulative Impact of.