Richest Loan Gurantee for Alternative Energy Project Ever

BrightSource Energy Inc. has won a $1.4 billion loan guarantee from the U.S. Department of Energy to build three concentrated solar power plants in the Mojave Desert, just weeks after the company scaled back plans to address concerns over the desert tortoise.  The complex will generate 392 megawatts of electricity using thousands of mirrors to focus the power of the sun to create steam that drives electrical turbines. It'll produce enough power for about 140,000 homes. Pacific Gas & Electric and Southern California Edison Co. signed up to buy power from the plants, which will be built by Bechtel and create about 1,000 construction jobs and 86 permanent jobs. Construction on the first plant is expected to begin in the second half of 2010.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES

U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES

Our RE Series batteries are designed to provide the highest peak capacity, longest cycle life, and greatest reliability for use in industrial or residential renewable energy applications. Renewable Energy Series batteries utilize the company's exclusive XC2™ formulation and Diamond Plate Technology® to create the industry's most efficient battery plates, delivering greater watt-hours per liter and watt-hours per kilogram than any other flooded lead-acid battery in the market. Our Deep Cycle batteries are engineered to work with solar panels as well as other renewable energy applications.