Molten Salt Thermal Energy Storage (Tes) Market Forecast 2015 - 2023

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Molten Salt Thermal Energy Storage (TES) Market - Global

Industry Analysis, Size, Share, Growth, Trends and

Forecast 2015 - 2023

Published Date

16-Sep-2015

78 Page Report

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REPORT DESCRIPTION

Molten Salt Thermal Energy Storage (TES) Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2023

The global molten salt thermal energy storage market was valued at US$266.2 million in 2014 and is

anticipated to reach US$2.5 bn by 2023, expanding at a CAGR of 24.7% between 2015 and 2023.

Browse Molten Salt Thermal Energy Storage Market the full report at

http://www.transparencymarketresearch.com/molten-salt-thermal-energy-storage-market.html

Molten salt is a mixture of 60% sodium nitrate and 40% potassium nitrate; it stores energy at 566oC in a

hot molten salt storage tank for use any time until electricity is needed, i.e. day or night, in the presence

or absence of sunlight, during off-peak/normal operation hours or peak hours. Storage of energy in molten

salt increases the overall reliability of solar plants and enables them to operate 24/7, providing base load

power for both on-grid and off-grid applications. Molten salt increases the net annual output of a solar

energy plant, helps avoid high fuel costs, and facilitates continuous power generation.

Increased adoption of renewable energy sources for power generation and growing demand for efficient,

reliable, and price-competitive electricity are some of the factors boosting the growth of the market.

Molten salt thermal energy storage allows solar plants to be designed in such a way that they optimize the

electricity load profile according to the market fluctuations in terms of electricity...