On Tuesday, SolarReserve explained through a statement that in support of the COP21 Paris agreement, the project delivers electricity to meet demand similar to traditional and nuclear energy resources,“except with zero emissions, no hazardous waste and low water use.”
SolarReserve’s CEO Kevin Smith said: “The climate deal unveiled in Paris has the potential to catalyse a global energy transformation. It will further accelerate implementation of renewables around the world, including within emerging markets such as Africa, Latin America and Asia.”
He added: “As renewable energy penetration grows, the need for cost-effective, utility-scale renewable generation with storage technology is becoming increasingly important for mitigating intermittency problems, delivering power into peak demand periods and supporting transmission system reliability.
“Our proven US-developed energy storage technology deployed at the Crescent Dunes facility is already being used as a blueprint for projects in these emerging markets.”
Solar energy project stimulate investment
Meanwhile, senate Democratic leader Harry Reid said the facility serves as an indication as to what Nevada “can accomplish with clean energy when we are serious about competing for investment in the global growth industry of the 21st century.”
He continued: “Nevada will benefit for decades as engineers and experts from around the world come to Tonopah to see what is possible when the public and private sectors come together to build the next generation of clean energy technology.”
According to the company statement, the Crescent Dunes project, located near Tonopah, Nevada, first generated its pilot electricity in 2015, and has since then “passed the necessary test to reach full commercial operation under its 25-year Power Purchase Agreement with NV Energy, Nevada’s largest electric utility.”
SolarReserve said their solar energy storage innovation is set to overcome the obstacles faced by renewable energy resources as it will enable “the delivery of renewable baseload and dispatchable power that can compete head-to-head with traditional fossil-fired and nuclear electricity generation methods.”
Crescent Dunes Solar Energy Project – operation
The technology uses tracking mirrors, called heliostats, to focus the sun’s energy onto a receiver to directly heat molten salt and then store it so electricity can be produced day and night, according to the company statement.