SolarReserve, a leading global developer of utility-scale solar power projects and advanced solar thermal technology, is pleased to announce the receipt of two Engineering
SolarReserve’s 110 MW Crescent Dunes Solar Energy Plant located in Nevada is the first utility-scale facility in the world to feature advanced molten salt power tower energy storage capabilities. The project has completed construction, is currently in thecommissioning phase, and will generate more than 500,000 megawatt-hours per year. This annual output is more than twice that of other technologies per MW of capacity, such as photovoltaics (PV) or direct steam solar thermal. Utilizing next generation storage technology, the project design includes 10 hours of full-load energy storage providing efficient and cost effective storage capabilities for 1,100 megawatt-hours of electricity. The storage technology also eliminates the need for any backup fossil fuels, such as natural gas, which are needed with other solar thermal technologies to keep the system operating during times of reduced solar resource.Nevada’s largest electric utility, NV Energy, will purchase 100 percent of the electricity generated by the Crescent Dunes project under a 25-year power purchase agreement and is expected to dispatch the project to generate solar generated electricity until 12 midnight in order to meet its peak energy demand periods.
SolarReserve is joined as investors in the project by ACS Cobra, a worldwide leader in the engineering and construction of power plants and thermal solar facilities, and the equity capital practice of Santander, a global financial services and banking leader. ACS Cobra’s Nevada-based affiliate, Cobra Thermosolar Plants Inc., is constructing the facility as the general contractor while utilizingNevada and regional subcontractors to perform the work.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.