It is a known fact that the solar energy is the most abundant form of renewable source of energy available abundantly in most of the areas. It is relatively the most promising form of renewable energy through which many developed countries like US, Spain are generating electricity using CSP, PV, and other forms of solar cells. This paper mainly focuses on the Concentrated Solar Power (CSP) and about the method of enhancing the Thermal Energy Storage (TES) capacity. Here, we use molten salt as the Heat Transfer Fluid (HTF) as an alternative to mineral oils and other commonly used HTF. The reasons behind using molten salts have also been listed in the paper. The major disadvantage in molten salts as a HTF is their low specific heat capacity compared to mineral oils. The low specific heat capacity of molten salt can be enhanced by dispersing oxide nanoparticles. In this paper, we synthesized molten salt nanomaterials by dispersing oxide nanoparticles in to selcte4d molten salts. Specific heat capacity measurement was performed using a modulated differential scanning calorimeter (MDSC). Hence, we evaluated the use of molten salt nanomaterials as HTF in CSP.