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arXiv · 2510.07338

Techno-economic analysis of self-sustainable thermophotovoltaic systems for grid-scale energy generation

Jihun Lim·Sungwon Lee
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Abstract

To facilitate the widespread adoption of renewable energy, dispatchable, zero-emission power sources are essential for grid stability. This work performs a comprehensive techno-economic analysis of a self-sustainable thermophotovoltaic (TPV) system, an architecture that integrates solar charging to function as a standalone power generation asset. Using theory-based models for conventional air-bridge InGaAs and Si diode cells, our analysis reveals that while the system is not currently competitive from a pure levelized of storage cost (LCOS) perspective due to the high capital expenditure for thermal battery materials, its primary value lies in its competitive levelized cost of electricity (LCOE), which is comparable to that of conventional dispatchable generators such as gas turbines. Furthermore, we show that a full Si-based TPV system, utilizing a 50-{\mu}m-thick air-bridge cell for enhanced photon utilization, can also achieve an LCOE that is competitive with such conventional power sources at scales exceeding the gigawatt-hour level, despite its lower conversion efficiency relative to its InGaAs counterpart. This highlights a practical engineering pathway for leveraging the immense manufacturing scalability of Si, offering a lower-risk route to deployment compared to III-V materials. Ultimately, this work establishes the self-sustainable TPV architecture as a compelling pathway toward providing grid-scale, on-demand, zero-emission power.

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Jihun Lim, Sungwon Lee. 2025-10-07. Techno-economic analysis of self-sustainable thermophotovoltaic systems for grid-scale energy generation. https://arxiv.org/abs/2510.07338

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