03 Jan '12, 1pm

How SolarReserve Navigates Bleak Predictions for Solar in the US

How SolarReserve Navigates Bleak Predictions for Solar in the US

On the sun-baked plains outside Tonopah, Nevada, a huge white pillar is inching upwards, as concrete piles up towards an ultimate height of some 60 stories. The slender structure is evidence of the tangible progress -- and rising risks -- facing a dwindling number of developers of large-scale power plants in the deserts of the western U.S. slated to make electricity by converting the sun's heat into power. I recently caught up with Kevin Smith, the Chief Executive Officer of SolarReserve . The Santa Monica, Calif. company is building the tower that will sit at the heart of its $900 million Crescent Dunes Solar Energy Project. Smith emphasized that while the tower attracts a lot of attention, it may be that the project's ability to store the sun's energy will become its most competitive virtue, particularly at a time when as the solar market is being rocked by plummeting pr...

Full article: http://www.greenbiz.com/blog/2012/01/03/how-solarreserve-...

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