Concentrating Solar Power – how its work

Increasing environmental concerns, growing focus towards green energy, and supportive government regulations are the major factors supporting the growth of the concentrating solar power market. However, the high cost of power generation as compared to other renewable sources might hinder the growth of the concentrating solar power market. Integration of CSP in hybrid power plants creating lucrative business opportunities in the concentrating solar power market.

Concentrating solar power plants (CSP) use mirrors to concentrate the sun's energy to drive turbines or engines that create energy. The growing popularity of referable energy sources is one of the major factors supporting the growth of concentrating solar power market. However, technical complexities in concentrating solar power are one of the major challenge faced by the companies operating in the market.

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Some of the key players influencing the market are

Aalborg CSP A/S, Abengoa., Acciona Energ?a, S.A., ACWA POWER, Archimede Solar Energy, BrightSource Energy, Inc., Chiyoda Corporation, Enel Spa, FRENELL GMBH, GENERAL ELECTRIC