Earlier quoted context omitted.
No way you'll get 65%. This sand won't be stored at the same temperature as a natgas generator's combustion chamber. Efficiency depends on delta T. I'd guess 20%
Nope. The report says that the sand will be heated up to 1200 Celsius degrees. This is much higher than the maximum temperature for steam turbines and equal to the temperature of the gas in the best gas turbines. Therefore they will use a combined cycle, first a gas turbine will use hot air passed through the sand and the exhaust from the gas turbine will produce steam for a chain of steam turbines with decreasing wo…
I have seen another proposal where instead of sand the material would be graphite, which can be heated to more than 2000 °C. Graphite also has a huge heat conductivity. But it's more expensive.