Molten Salt Thermal Energy Storage (TES) Market Going to Increase in the Future CAGR of 20.8% from 2015 to 2023.
Despite increasing demand for alternative power sources, limitations on renewable technologies and unpredictable operating profiles inhibit the proliferation of thermal storage technologies around the world. However, it is possible to mitigate such limitations by capitalizing on the highly efficient capacity of molten salt for heat transfer. This technology efficiently insulates electricity generation from volatile weather conditions and other impacting factors and enables the dispatch of electricity as and when needed, without having to use natural gas. With thermal storage touted...
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