29 Jan '13, 5pm

PG&E Approved to Buy Power from SolarReserve CSP Project with Molten Salt Storage

PG&E Approved to Buy Power from SolarReserve CSP Project with Molten Salt Storage

Closely held developer SolarReserve LLC will sell the output from its Rice project in Riverside County to PG&E’s Pacific Gas & Electric utility for 25 years beginning June 1, 2016, according to a filing with the California Public Utilities Commission, which approved the contract at a meeting today in San Francisco. Terms weren’t disclosed. The project will use thousands of mirrors to focus sunlight onto a central tower containing molten salt, which is funneled through a steam generator to produce electricity. The salt retains heat and can produce power at night, an advantage over photovoltaic panels that cost less and only work when the sun is shining, according to Commissioner Mike Florio. “This is expensive, there’s no getting around it, but I think this technology is something that’s worth investing in,” Florio said at the meeting. The molten salt system includes as muc...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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