This important milestone marks SolarReserve’s third approval of a solar thermal project that will provide Chile with a non-intermittent, 24-hour supply of energy – at a price competitive with fossil fuel based generation.
Utilizing SolarReserve’s proprietary solar thermal energy storage technology, the Tamarugal Solar Project in the Tarapacá region of Chile, will be comprised of three 150 megawatt (MW) solar thermal towers, each with 13 hours of full load energy storage.
Urban Solar Farms have the potential to fill a niche market in South Africa for mid-sized generation projects that ensure a reliable, clean power supply for customers with substantial energy needs.
Now operational, the Crescent Dunes facility can produce more than 500 million kilowatt hours of electricity per year to power 75,000 homes during peak demand periods, even after sunset, using only the power of the sun.
The company’s Crescent Dunes Solar Thermal Energy Project is the first utility-scale solar power plant ever built in the world with fully integrated energy storage technology.
In addition, SolarReserve has commercialized a proprietary advanced solar thermal technology with integrated energy storage that solves the intermittency issues experienced with other renewable energy sources.