Welcome!

News Feed Item

Next Generation of Solar Energy Storage Advances as Nevada Project Begins Commissioning

U.S.-developed energy storage technology at Crescent Dunes Solar Energy Project leads storage revolution for solar industry

SANTA MONICA, Calif., Feb. 12, 2014 /PRNewswire/ -- SolarReserve, a leading worldwide developer of large-scale solar power projects and advanced solar thermal technology, today announced that construction of the 110 megawatt (MW) Crescent Dunes Solar Energy Project located near Tonopah, Nevada, marked another major milestone by entering the plant commissioning phase. Crescent Dunes is the first utility-scale facility in the world to feature advanced molten salt power tower energy storage capabilities. SolarReserve's unique and innovative energy storage technology provides for larger scale installations and high efficiency energy collection and storage. The Crescent Dunes Project is more than five times the capacity output of pilot projects that have previously tested this technology.

(Photo: http://photos.prnewswire.com/prnh/20140127/LA51261)

(Logo: http://photos.prnewswire.com/prnh/20130927/LA87962LOGO)

As a result of the advanced energy storage technology, the 110 MW project will generate more than 500,000 megawatt-hours per year, enough to power 75,000 homes during peak electricity periods. This annual output is more than twice that of other technologies per MW of capacity, such as photovoltaics (PV) or direct steam solar thermal.  The storage technology also eliminates the need for any backup fossil fuels, such as natural gas, which are needed with other technologies to keep the system going during times of no or low solar resource. Nevada's largest electric utility, NV Energy, will purchase 100 percent of the electricity generated, under a 25-year power purchase agreement.  Full commercial operation is scheduled for later in 2014.

Commissioning is the initial stage of bringing the project into operations and includes system-by-system verification and startup, as well as equipment calibration and testing.  Commissioning activities underway at Crescent Dunes include energization of the utility interconnection system and other electrical systems, as well as the first stages of testing and calibration of the heliostat field. This heliostat field is comprised of more than 10,000 "billboard-sized" mirrors that track the sun and total more than 1 million square meters of glass.  Full commissioning activities will also include startup of the demineralized water, air, steam, cooling and many other systems which are commonly found in traditional power plants.  However, unlike traditional power plants, commissioning includes systems unique to Crescent Dunes such as a Heliostat Field Control System that will control and concentrate the sun's energy and also the Molten Salt System that will harness, store and transform the sun's energy into superheated steam, making this the most advanced solar power plant in the world. The facility also includes a dry cooled condenser in a hybrid configuration to minimize water use to levels well below that of conventional power plants.

"Start of commissioning of the Crescent Dunes solar power plant marks a critical milestone for the project as well as the solar industry. We are now able to build utility-scale power plants, fueled only by the sun, which operate on-demand, day and night, just like traditional fossil fuel or nuclear power plants," said SolarReserve's CEO Kevin Smith. "SolarReserve's industry-leading solar thermal energy storage technology solves the intermittency issue that limits the use of other renewable energy projects and thus enables firm, reliable delivery of electricity whether or not the sun is shining or the wind is blowing."

The Crescent Dunes plant is the showcase for SolarReserve's game-changing energy storage technology—a realistic solar energy solution that operates day and night like coal, natural gas, oil, diesel and nuclear plants, but without the harmful emissions or hazardous wastes associated those traditional plants.  Additionally, Crescent Dunes includes the capability to dry cool the steam cycle, an environmentally friendly low water use feature that will saves millions of gallons of water each year. Once operational, the 110 MW Crescent Dunes plant will be the world's largest solar thermal plant with fully integrated energy storage.

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 utilizing Nevada and regional subcontractors to perform the work.  The project also closed on $737 million in project debt along with a loan guarantee from the U.S. Department of Energy as part of the overall project financing that was completed in the fall of 2011.

About SolarReserve

SolarReserve, LLC – headquartered in Santa Monica, California – is a leading developer of large-scale solar energy projects and advanced solar thermal technology.  The Company has global development activities and more than $1.8 billion of projects in construction. SolarReserve has commercialized the world's leading solar thermal energy storage technology utilizing molten salt in a power tower configuration. SolarReserve's solar energy storage technology has the capability to deliver clean, reliable electricity "on demand" at any time, day and night. SolarReserve's experienced team of power project professionals has assembled an extensive 5,000 MW worldwide development portfolio of large-scale solar projects, including some featuring advanced solar thermal technology (CSP) and others utilizing photovoltaic (PV) technology.

In addition to the Crescent Dunes CSP project located in Nevada, SolarReserve has three photovoltaic projects, totaling 246 MW of generation capacity, in construction in South Africa.  The Letsatsi and Lesedi power projects, each 75 MW in size, were selected as the "African Renewable Energy Deal of the Year" by Project Finance Magazine in 2012.  The three projects have a combined capital cost of more than $820 million and are all slated for commercial operation in 2014.

In addition to its headquarters in the US, SolarReserve has offices in Spain, Chile, South Africa, Turkey, Australia and the UK, with development activities underway in the Middle East, Africa, Australia, China, and Latin America.

U.S. Media Contact: Mary Grikas, SolarReserve, +1.310.315.2274, [email protected]

For more information: www.SolarReserve.com

About ACS Cobra

The ACS Group is a world leader in the construction and services activities taking part in key sectors for the economy including energy and infrastructure. The ACS Group operates in all fields of applied engineering, from development and construction of new projects to maintenance of industrial infrastructure in the energy, communications and control systems sectors.  A commitment to sustainability is an inherent part of the ACS Group's corporate and business strategy – ACS is committed to the social and economic progress of the countries in which it operates.

Media Contact:
Avda. Pio XII 102
28036 Madrid, Spain
+34 91 343 92 00
[email protected] / http://www.grupoacs.com

About Santander

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets. Santander is the largest bank in the euro zone by market capitalization. Founded in 1857, Santander had EUR 1.24 trillion in managed funds, 103 million customers, 13,927 branches – more than any other international bank – and 182,958 employees at the close of 2013. It is the largest financial group in Spain and Latin America. It also has significant positions in the United Kingdom, Portugal, Germany, Poland and the northeast United States. Santander registered EUR 4.37 billion in attributable profit in 2013, an increase of 90% from the previous year.

Media Contact:
Ciudad Grupo Santander Edificio Arrecife Pl. 2

28660 Boadilla del Monte (Madrid), Spain
+34 91 289 52 11
[email protected] / http://www.santander.com

SOURCE SolarReserve

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...