Integrating TES (thermal energy storage) in a CSP (concentrating solar power) plant allows for continuous operation even during times when solar irradiation is not available, thus providing a reliable output to the grid. In the present study, the cost and performance models of an EPCM-TES (encapsulated phase change material thermal energy storage) system and HP-TES (latent thermal storage system with embedded heat pipes) are integrated with a CSP power tower system model utilizing Rankine and s-CO2 (supercritical carbon-dioxide) power conversion cycles, to investigate the dynamic TES-integrated plant performance. The influence of design parameters of the storage system on the performance of a 200 MW, capacity power tower CSP plant is studied to establish design envelopes that satisfy the U.S. Department of Energy SunShot Initiative requirements, which include a round-trip annualized exergetic efficiency greater than 95%, storage cost less than phi 15/kWh(t) and LCE (levelized cost of electricity) less than 6 c/kWh. From the design windows, optimum designs of the storage system based on minimum LCE, maximum exergetic efficiency, and maximum capacity factor are reported and compared with the results of two-tank molten salt storage system. Overall, the study presents the first effort to construct and analyze LIES (latent thermal energy storage) integrated CSP plant performance that can help assess the impact, cost and performance of LIES systems on power generation from molten salt power tower CSP plant. (C) 2013 Elsevier Ltd. All rights reserved.