California Solar Project Includes Energy

On Monday, the California Public Utilities Commission unanimously approved the sale of power from SolarReserve's 150-megawatt Rice Solar Energy Project to Pacific Gas & Electric via a 25-year power purchase agreement. This project will be the first large-scale solar project in the state to include energy storage capabilities, SolarReserve reported.

* The Rice Solar Energy Project, located in eastern Riverside County and bearing a $750 million price tag, is expected to generate more than 5,300 direct, indirect and induced jobs during its 24-month construction period, the Santa Monica-based company stated.

* SolarReserve's energy storage capability comes from the use of thousands of mirrors that focus sunlight onto a central tower containing molten salt, Bloomberg reported, which is funneled through a steam generator to produce electricity. The salt retains heat and can produce power at night.

* "Eight to 10 hours of fully dispatchable storage is quite impressive and offers significant benefits to the system that we don't yet know how to quantify fully, but there's definitely value there," said CPUC Commissioner Mike Florio.

* According to SolarReserve CEO Kevin Smith, the CPUC was clear that the storage ability was a key factor in approving the Rice contract. "This capability will be crucial as California progresses towards its 33 percent renewable target," said Smith.

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

sonnenBatterie eco

sonnenBatterie eco

Sonnen's mission is to provide clean and affordable energy for all. As the first mainstream grid tied residential energy storage company in the world and with 24,000 sonnenBatterie systems installed worldwide, sonnen is a proven global leader in intelligent energy management solutions. The all-in-one sonnenBatterie smart energy storage solution easily integrates with new and existing solar installations to help homes manage their energy throughout the day-saving money, providing backup power, and maximizing the effective use of solar power day and night. Sonnen has won several awards for its energy innovations, including the 2017 Zayed Future Energy Prize, MIT's Technology Review's 50 Smartest Companies in 2016, Global Cleantech 100 for 2015-2017, Greentech Media's 2016 Grid Edge Award for Innovation, and Cleantech's 2015 Company of the Year Award in both Israel and Europe.