Concentrating solar power (CSP) development has focused on increasing the energy conversion efficiency and lowering the capital cost. To improve performance, CSP research is moving to high-temperature and high-efficiency designs. One technology approach is to use inexpensive, high-temperature heat transfer fluids and storage, integrated with a high-efficiency power cycle such as the supercritical carbon dioxide (sCO2) Brayton power cycle. The sCO2 Brayton power cycle has strong potential to achieve performance targets of 50% thermal-to-electric efficiency and dry cooling at an ambient temperature of up to 40 °C and to reduce the cost of power generation. Solid particles have been proposed as a possible high-temperature heat transfer or storage medium that is inexpensive and stable at high temperatures above 1000 °C. The particle/sCO2 heat exchanger (HX) provides a connection between the particles and sCO2 fluid in emerging sCO2 power cycles. This article presents heat transfer modeling to analyze the particle/sCO2 HX design and assess design tradeoffs including the HX cost. The heat transfer process was modeled based on a particle/sCO2 counterflow configuration, and empirical heat transfer correlations for the fluidized bed and sCO2 were used to calculate heat transfer area and estimate the HX cost. A computational fluid dynamics simulation was applied to characterize particle distribution and fluidization. This article shows a path to achieve the cost and performance objectives for a particle/sCO2 HX design by using fluidized-bed technology.