Abstract The key to achieve an economically more attractive concentrated solar power plant is to work at higher operating temperatures, allowing both higher power conversion efficiencies resulting in a smaller heliostat field for a given energy output, and higher temperature ranges in the storage tanks, with increased energy storage density and smaller size, hence less expensive. This fostered the development of using particle suspensions as heat transfer media. This paper presents a theoretical framework for the energy analysis of a particle-in-tube solar power plant, hybridized, with topping air-Brayton cycle turbine, and bottoming steam block. From studying the effects of essential design parameters on the energy efficiency, the heat transfer efficiency of the turbine air preheater is of paramount importance to increase the solar contribution within the hybrid concept, while the energy efficiency moreover increases by an optimum air-Brayton cycle turbine operation (mostly through the pressure ratio, less by the operating temperature). The overall efficiency of the concept varies from about 40% when using combined low and high pressure Brayton cycle turbines only, to over 48% in a fully combined air-steam concept. Energy efficiency findings are in agreement with the literature data.