26 May '11, 9am

DOE Funds Nevada Solar Project Worth $737 Million

DOE Funds Nevada Solar Project Worth $737 Million

The 100 megawatt (MW) concentrating solar power (CSP) project will have a 640-foot tower that will feature a molten salt collection and storage system which will store the solar thermal energy for up to 10 hours. Storing thermal energy will allow “steady, uninterrupted power during peak electricity demand, despite cloud cover, and even at night,” according to a DOE press release , storing thermal energy will allow “steady, uninterrupted power during peak electricity demand, despite cloud cover, and even at night.”

Full article: http://www.triplepundit.com/2011/05/doe-loans-737-million...

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