A research report issued by CITIC Securities highlights that concentrated solar power (CSP) generation serves a dual purpose: it not only regulates power supply but also offers long-duration energy storage capabilities. Within the power system, CSP can effectively play a regulatory role and has the potential to evolve into a base-load power source. This positions it as a dependable resource for facilitating the integration and consumption of renewable energy.

In recent times, bolstered by policy support, CSP has emerged as a complementary regulatory power source for renewable energy bases, experiencing rapid growth. Technological innovations, localization efforts, and the benefits of scaled development have collectively contributed to a significant reduction in the cost of CSP generation. Although CSP generation costs currently remain higher than those of mainstream power sources, its competitive edge is projected to sharpen in the future. This will be driven by ongoing cost reductions and an increased regulatory value, ultimately fostering the robust and sustainable development of the CSP industry.