Understanding Solar Power Performance Risk and Uncertainty
Authors: Price Dave W. , Goedeke Shawn M. , Lausten Mark W. , Kirkpatrick Keith 
Published: July 2013

The American Society of Mechanical Engineers (ASME) Performance Test Codes (PTCs) have provided the power industry with the premier source of guidance for conducting and reporting performance tests of their evolving base technologies of power producing plants and supporting components. With an overwhelming push for renewable energy in recent years, ASME PTCs are in the development of similar standards for the testing of concentrating solar thermal technologies based power plants by the formation of a committee to develop “PTC 52, Performance Test Code on Concentrated Solar Plants”, on July 2009.
The U.S. Department of Energy’s (DOE) SunShot Initiative goal is to reduce costs and eliminate market barriers to make large-scale solar energy systems cost-competitive with other forms of energy by the end of the decade. The ASME PTC-52 similarly removes critical barriers hindering deployment and speeds the implementation of concentrating solar power technologies by reducing commercial risk by facilitating performance testing procedures with quantified uncertainty. As with any commercialization of power producing technologies, clearly defining risk and providing methods to mitigate those risks are essential in providing the confidence necessary to secure investment funding. The traditional power market accomplishes this by citation of codes and standards in contracts; specifically ASME PTCs which supply commercially accepted guidelines and technical standards for performance testing to validate the guarantees of the project (Power Output, Heat Rate, Efficiency, etc.). Thus providing the parties to a power project with the tools they need to ensure that the planned project performance was met and the proper transfer of funds are accomplished. To enable solar energy systems to be fully embraced by the power industry, they must have similar codes and standards to mitigate commercial risks associated with contractual acceptance testing. The ASME PTC 52 will provide these standard testing methods to validate Concentrating Solar Power (CSP) systems performance guarantees with confidence.
This paper will present the affect that solar resource variability and measurement accuracies have on concentrating solar field performance uncertainty based on calculation methods like those used for conventional fossil power plants. Measurement practices and methods will be discussed to mitigate that uncertainty. These uncertainty values will be correlated to the levelized cost of electricity (LCOE), and LCOE sensitivities will be derived. The results quantify the impact of resource variability during testing, test duration and sampling rate to annual performance calculation. These uncertainties will be further associated with costs and risks based on typical technology performance guarantees. The paper will also discuss how the development of standard measurements and calculation methods help to produce lower uncertainty associated with the overall plant result, which is already being accomplished by ASME PTCs in conventional power genreation.