Archive for April 2, 2012

Power Tower and Salt Storage

With approval of the Environmental Impact Review on its 200-megawatt, two-tower Saguache Solar Energy Project, SolarReserve hopes to soon get started on a new pair of solar power tower/molten salt storage facilities.

“This is the major environmental permit,” SolarReserve CEO Kevin Smith said. “The bigger issue, in order to start construction, is we need to secure an offtaker.” CEO Kevin Smith also stated that his solar power tower and molten salt storage system is “less expensive, more efficient, and technically superior.”

SolarReserve’s flagship 110-megawatt Crescent Dunes Solar Energy Plant in Nevada has a power purchase agreement (PPA) with Nevada Power and is under construction and scheduled to come on-line at the end of 2013. For more information please click here.