Technological, environmental, economic and social assessment

SOLARX will demonstrate its role as a future KET for a game-changing RES through a technological, environmental, economic and social assessment

KPI-1.1: LCOE reduction by 9-18% (relative to CSP generation with thermal energy storage)

KPI-1.2: COVE improvement by 15-23%.

KPI-1.3: ROI improvement by 15%.

To achieve these assessments, the technical model with be coupled with demands scenarios, system costs and regulatory frameworks to assess the economic impact of SOLARX for varying levels of deployment, through the assessment of the relevant KPIs, identifying the relevant parameters that will characterize the optimum application scenarios (and the ones to be discarded) and the associated optimum sizing of the SOLARX components. The results of this techno-economic model will be the base for the definition of the future implementation strategies.

From the beginning of the project, on the base of the inputs from the project development, economic, environmental and social assessment will be carried out in order to analyse the SOLARX solution in a holistic way. The LCA study will include the identification of measures to promote the alignment of SOLARX with circular economy principles. Recommendations for SOLARX deployment will be supplied from technical, regulatory frameworks, environmental, social and economic perspectives.

3 specific KPIs have been defined to monitor these goals:

KPI-5.1: SOLARX 2-5%, 2-5% and 1-3% penetration potential in the energy mix for electricity, SHIP and Green H2, respectively, by 2050.

KPI-5.2: Demonstration of SOLARX low environmental impact (LCA).

KPI-5.3: Establishment of guidance for a socially acceptable system.