High-temperature thermal energy storage with thermophotovoltaic energy conversion (Final Report)
This project began with a simple concept: that thermal energy storage paired with thermophotovoltaic power conversion could be a cost-effective solution to the challenge of renewables variability. Renewable energy sources such as solar and wind energy are clean, affordable, and abundant worldwide, but their variability presents a major problem for the incorporation of a large amount of these resources in global power systems. Systems with high penetrations of renewables frequently see periods of overproduction, where renewable energy is thrown away, and periods of underproduction, where expensive and polluting fossil fuel resources must be used to fill in the gaps. While energy storage technologies such as lithium ion batteries can help store energy from times of overproduction to times the energy is needed, current and projected future prices for these technologies are not low enough to support very renewables-heavy power grids. The research also focused on the techno-economics of using thermal energy storage and thermophotovoltaics to store the energy from solar and wind energy sources when they are available and release this energy back to the grid when it is needed. One of the biggest outcomes of this research was the conclusion that battery prices must drop 10x from their current values in order to meet this need, and this is unlikely to happen with current technologies such as lithium ion batteries.