Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


NV Energy Nixes Crescent Dunes Solar Contract (Ind. Report)
NV Energy
Date: 2019-10-07
In the Silver State, Las Vegas-based NV Energy, the state's largest utility reports it is terminating its power contract with Santa Monica-based commercial-scale solar specialist SolarReserve's $1 billion, 110-MW Crescent Dunes Solar facility in Tonopah, Nevada on the grounds that the facility "failed to produce" the required amount of energy, according to a lawsuit filed on Wednesday.

NV Energy notified the plant of the termination in June. NV Energy's grace period after defaulting on the contract ended Thursday, 3rd Oct. The lawsuit was filed in court on Wed., 2nd Oct.

In June, NV Energy announced it was seeking to build about 1,200 mw of solar generation and nearly 600 mw of battery storage. (Source; NV Energy, Nevada Independent, 6 Oct., 2019) Contact: NV Energy, Doug Cannon, Pres., CEO, Kristen Saibini, Senior Corporate Communication Specialist, (775) 834-3891, ksaibini@nvenergy.com, www.nvenergy.com; SolarReserve, Mary Grikas, (310) 315-2274, mary.grikas@solarreserve.com, www.solarreserve.com

More Low-Carbon Energy News Crescent Dunes Solar,  NV Energy ,  SolarReserve,  Concentrated Solar,  


S. African CSP Project Finds $220Mn ADB Funding (Int'l. Report)
African Development Bank,Eskom
Date: 2018-12-05
The African Development Bank (ADB) reports it has approved $220.1 million in debt for construction of the 100-MW Redstone concentrating solar power (CSP) project in Postmasburg, near Kimberley, South Africa. The project will incorporate molten salt energy storage capacity, a 1322-kV switching station and a 34-km (21.1-mile) transmission line.

The companies behind the project are Saudi Arabia's ACWA Power, US-based SolarReserve and state-owned Central Energy Fund of South Africa, which joined the scheme this summer. The project has a 20-year PPA with South African utility Eskom. (Source: African Development Bank, Dec., 2018) Contact: African Development Bank, www.afdb.org

More Low-Carbon Energy News Eskom,  African Development Bank ,  CSP,  Solar,  


SolarReserve Scores $2Mn to Advance CSP Thermal Tech. (Funding)
SolarReserve
Date: 2018-10-26
In the Golden State, Santa Monica-based commercial-scale solar specialist SolarReserve reports it has been selected for $2.0 million in grant funding from the U.S. DOE Solar Energy Technologies Office (SETO) to advance concentrating solar-thermal power (CSP) R&D. The award was part of the DOE's FY2018 SETO funding for new projects that will lower solar electricity costs and support a growing solar workforce.

SolarReserve's project aims to develop a best-in-class next generation heliostat design, optimized for CSP technology projections.

Heliostats are the dual-axis solar tracking mirrors that concentrate and focus the sun's energy onto an energy collection receiver atop a central tower. Within the receiver, fluid flows through piping that forms external walls; this fluid absorbs the heat from the concentrated sunlight. In SolarReserve's technology, the fluid utilized is molten salt, which is used both as a heat transfer fluid as well as a thermal energy storage medium.

SolarReserve will partner on the project with South Africa's Stellenbosch University and Sandia National Laboratories to leverage their complementary innovations and testing facilities. (Source: SolarReserve, PR, Business Wire, 25 Oct., 2018) Contact: SolarReserve, Mary Grikas, (310) 315-2274, mary.grikas@solarreserve.com, www.solarreserve.com; US DOE Solar Energy Technologies Office , (202) 287-1862, solar@ee.doe.gov, energy.gov/solar-office

More Low-Carbon Energy News SolarReserve,  CSP,  


S. African Solar Thermal Power Storage Project Underway (Int'l)
SolarReserve
Date: 2018-04-11
In South Africa, the Independent Power Producer Procurement Programme, a consortium led by SolarReserve and International Company for Power and Water (ACWA), reports the 100-MW Redstone Solar Thermal Power Project in Postmasburg, Northern Cape Province, is underway. The project has a 20-year PPA with the South African public utility Eskom.

The Redstone project will incorporate SolarReserve's proprietary ThermaVault technology which integrates molten salt energy storage technology as well as heliostat collector field controls and tracking system.

In addition to the Redstone project, SolarReserve developed 246 MW of solar capacity already installed and operating in South Africa, 650 MW bid into expedited round 4.5 of the REIPPPP and a pipeline of over 2,000 MW. (Source: Independent Power Producer Procurement Programme, SolarReserve, Power Engineering, 6 April, 2018) Contact: SolarReserve, Tom Georgis, Senior VP of Development, (310) 315-2200, www.solarreserve.com; ACWA, +27 11 722 4100, www.acwapower.com; Eskom. www.eskom.co.za

More Low-Carbon Energy News Eskom,  Solar Energy Storage,  Molten Salt Energy Storage,  Eskom,  SolarReserve,  Solar,  Energy Storage,  


Aussie Solar Thermal Power Station Wins Crucial Approval (Int'l)
SolarReserve
Date: 2018-01-12
In the Land Down Under, Adelaide-based SolarReserve reports its 150MW Aurora Solar Energy Project has received regulatory "Development Approval". The project is slated for construction about 30 kilometers north of Port Augusta. The "Development Approval" approval process considers a project's environmental, community, social impacts.

The first of its kind in Australia, the Aurora Solar Energy Project will incorporate SolarReserve's solar thermal technology with integrated molten salt energy storage capacity of 1,100 megawatt-hours. As part of the project, SolarReserve will establish a research partnership with South Australian universities to advance solar thermal research and education in South Australia. (Source: SolarReserve, PR, 9 Jan., 2018) Contact: SolarReserve, Mary Grikas, (310) 315-2274 mary.grikas@solarreserve.com, www.solarreserve.com

More Low-Carbon Energy News SolarReserve,  Solar,  Solar Thermal,  Energy Storage,  


SolarReserve Inks 150MW Solar Thermal Energy Storage Deal (Int'l)
SolarReserve
Date: 2017-08-16
In the Land Down Under, Santa Monica, California-headquartered SolarReserve reports it has signed a long-term Generation Project Agreement (GPA) to construct a 150 MW solar thermal power station with 8 hours of energy storage near the town of Port Augusta, South Australia

The Aurora Solar Energy Project will utilize SolarReserve's solar thermal technology with integrated molten salt energy storage. With a massive 1,100 MWh of energy storage capability, Aurora will be the largest project of its kind in the world.

The Generation Project Agreement is similar to a Power Purchase Agreement for renewable energy, except that emphasis is placed on the available capacity of the facility during peak demand periods rather than the energy that can be delivered in kWh. Aurora will deliver power into the National Electricity Market (NEM) at high value electricity periods, providing additional capacity, energy security and reliability services, as well as competition into the South Australian market. As part of the project, SolarReserve will establish a research partnership with South Australian universities to advance solar thermal research and education in South Australia. (Source: SolarReserve, PR, 14 Aug., 2017) Contact: SolarReserve, Tom Georgis, Senior VP of Development, (310) 315-2200, www.solarreserve.com

More Low-Carbon Energy News SolarReserve,  Solar Thermal,  Energy Storage,  


SolarReserve Chilean Solar Thermal, Storage Project Approvad (Int'l)
SolarReserve,
Date: 2017-07-21
Santa Monica, California-headquartered SolarReserve, the industry leader in baseload solar power solutions and advanced solar thermal technology with energy storage, is reporting receipt of Chilean government environmental approval for construction of a 390 solar thermal power station with 5,100 mWh of energy storage.

Utilizing SolarReserve's proprietary solar thermal energy storage technology, the Likana Solar Energy Project in the Antofagasta region of Chile, will incorporate 130 MW solar thermal towers, each with 13 hours of full load energy storage. The facility will operate at a capacity factor and availability percentage equal to that of a fossil fuel fired power plant, while providing a highly competitive price of power and with zero emissions, according to the company. (Source: SolarRsereve, PR, July, 2017) Contact: SolarReserve, (310) 315-2200, www.solarreserve.com/en

More Low-Carbon Energy News SolarReserve,  Energy Storage,  Solar,  


SolarReserve Secures $78Mn for California CSP Project (Funding)
SolarReserve
Date: 2017-01-20
In McLean, Virginia, Capital One Bank reports it has taken a $78 million tax equity stake in Santa Monica, California-based SolarReserve LLC Crescent Dunes Solar Energy Project .

Crescent Dunes is a utility-scale, 110-MW CSP facility utilizing SolarReserve's proprietary molten salt energy storage technology. The facility has a 25-year PPA with NV Energy,the state's major utility. SolarReserve is the project developer and managing investor, along with initial equity investors ACS Cobra and Santander will hold their ownership stake. (Source: Capital One Bank, SolarReserve, 17 Jan., 2017) Contact: Solar Reserve, (310) 315-2200, www.solarreserve.com

More Low-Carbon Energy News SolarReserve,  Solar,  CSP Solar,  

Showing 1 to 8 of 8.