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Solar thermal conversion technology harvests the sun’s energy, rather than fossil fuels, to generate low-cost, low/zero-emission energy in the form of heating, cooling or electrical form for residential, commercial, and industrial sectors. The advent of nanofluids and nanocomposites or phase change materials, is a new field of study which is adapted to enhance the efficiency of solar collectors. The concepts of thermal energy storage technologies are investigated and the role of nanomaterials in energy conversion is discussed. This review revealed that although the exploitation of nanomaterials will boost the performance of solar collectors almost in all cases, this would be accompanied by certain challenges such as production cost, instability, agglomeration and erosion. Earlier studies have dealt with the enhancement of thermal conductivity and heat capacity; however, less attention has been given to the facing challenges. Moreover, no exact criteria can be found for the selection of appropriate nanomaterials and their properties for a specific application. In most research studies, the nanoparticles’ material and properties have not been selected based on estimated values so that all the aspects of desired application could be considered simultaneously. The wide spread use of nanomaterials can lead to cost effective solutions as well. Therefore, it seems there should be a sense of techno-economic optimization in exploiting nanomaterials for solar thermal energy storage applications. The optimization should cover the key parameters, particularly nanoparticle type, size, loading and shape which depends on the sort of application and also dispersion technology.

Emerging nanotechnology with solar collector technology has attracted the attention of researchers to enhance the performance of solar systems in order to develop efficient solar thermal systems for future sustainability. This paper chronologically reviews the various research works carried out on the performance enhancement of nanofluid-filled flat-plate solar collectors (FPCs). Gaps in the radiation exergy models and maximum exergy of FPCs, the importance of pressure drops in collector manifolds in exergy analysis, and the economics of nanofluid-laden FPCs have been addressed. The necessity of replacing currently used chemically derived glycol products with a renewable-based glycol has not been reported in the current literature thoroughly, but it is pondered in the current paper. Moreover, the thermophysical properties of all common metal and metal oxide nanoparticles utilized in various studies are collected in this paper for the first time and can be referred to quickly as a data source for future studies. The different classical empirical correlations for the estimation of specific heat, density, conductivity, and viscosity of reported nanofluids and base liquids, i.e., water and its mixture with glycols, are also tabulated as a quick reference. Brief insights on different performance criteria and the utilized models of heat transfer, energy efficiency, exergy efficiency, and economic calculation of nanofluid-based FPCs are extracted. Most importantly, a summary of the current progress in the field of nanofluid-charged FPCs is presented appropriately within two tables. The tables contain the status of the main parameters in different research works. Finally, gaps in the literature are addressed and mitigation approaches are suggested for the future sustainability of nanofluid-laden FPCs.

Due to the significant variations in electricity generation and its demand, the power plant owners are encountered with challenges of economic operation. Among all, Compressed air energy storage (CAES) technology has proposed itself as a reliable and efficient solution to match the two sides. This paper deals with a modeled compressed air energy storage power plant which has been optimized thermodynamically through an efficient genetic algorithm code. The results of this optimized model, considered as the base case, show that the power plant is technically and financially justifiable. In order to obtain a more tangible realization, it is necessary to verify the results against the variation of key parameters. In this study, the sensitivity analysis is performed based on main parameters including plant loading and ambient condition and the resultant trends of each case are presented. This approach will help the designers to analyze the quality of their designs in different situations.