|By PR Newswire||
|February 12, 2014 12:00 PM EST||
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.
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.
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.
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.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Jul. 30, 2016 12:30 AM EDT Reads: 2,328
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Jul. 30, 2016 12:30 AM EDT Reads: 2,128
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 29, 2016 10:15 PM EDT Reads: 2,068
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 29, 2016 10:00 PM EDT Reads: 1,286
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 29, 2016 09:45 PM EDT Reads: 1,497
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 29, 2016 08:00 PM EDT Reads: 2,748
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 29, 2016 07:45 PM EDT Reads: 1,180
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Jul. 29, 2016 06:15 PM EDT Reads: 959
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 29, 2016 06:00 PM EDT Reads: 933
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Jul. 29, 2016 05:15 PM EDT Reads: 394
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Jul. 29, 2016 05:15 PM EDT Reads: 988
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 29, 2016 04:45 PM EDT Reads: 1,252
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 29, 2016 04:15 PM EDT Reads: 1,086
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Jul. 29, 2016 04:15 PM EDT Reads: 473
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 29, 2016 04:15 PM EDT Reads: 433