SolarReserve

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SolarReserve, LLC
Type Private
Industry Solar thermal power
Founded 2008 (2008)
Headquarters Santa Monica, California, U.S.
Key people Kevin Smith (CEO)
Website SolarReserve.com

SolarReserve is a privately held, venture-backed renewable energy company based in Santa Monica, California.

SolarReserve 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 U.S. 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.[1]

In September 2011, the U.S. Department of Energy awarded a $737 million loan guarantee to support SolarReserve’s 110 MW solar power tower. The company develops utility-scale concentrating solar power plants with integrated molten salt thermal storage technology.

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References[edit]

  1. ^ Kho, Jennifer. SolarReserve Raises $140M for Solar-Thermal Projects, GreenTechMedia.com website, September 16, 2008.

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