SolarReserve is a privately held, venture-backed renewable energy company based in Santa Monica, California. It develops utility-scale concentrating solar power plants with integrated molten salt thermal energy storage technology. It was initially founded in early 2008 by US Renewables Group in partnership with United Technologies Corporation (UTC). UTC's subsidiary Rocketdyne provides and guarantees the performance of the major solar component hardware, and SolarReserve holds the exclusive worldwide license to develop concentrating solar power plants using Rocketdyne technology. Rocketdyne developed the solar receiver for the US Department of Energy's Solar One and Solar Two projects, and has significant technology and operating expertise in extreme heat flux environments (rocket engines) and the use of molten metals (Na and NaK cooled nuclear reactors).
In September 2008 the company raised an additional $140 million in a Series B funding.
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