Stirling Energy Systems
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This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (November 2010) |
| Products | Solar energy |
|---|---|
| Parent | NTR |
| Website | www.stirlingenergy.com |
Stirling Energy Systems is a Scottsdale, Arizona-based company which develops equipment for utility-scale renewable energy power plants and distributed electrical generating systems.
In April 2008, Ireland-based NTR purchased a majority stake in Stirling Energy Systems for $100M.[1][2] As of 8/3/2011 NTR reported they are seeking 3rd party investment in Stirling Energy Systems.[3]
On 29 September 2011 Stirling Energy Systems filed for Chapter 7 bankruptcy.
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[edit] Overview
According to their website, Stirling Energy Systems (SES) is a systems integration and project management company that is developing equipment for utility-scale renewable energy power plants and distributed electric generating systems ("gensets"). SES is teamed with Kockums Submarine Systems, NASA-Glenn Research Center, the U.S. Department of Energy (DOE), and The Boeing Company for solar power plants. SES claims it is positioned to become a premier worldwide renewable energy technology company to meet the global demand for renewable electric generating technologies through the commercialization of its own Stirling cycle engine technology for solar power generation applications.
[edit] Bankruptcy
On 29 September 2011 Stirling Energy Systems filed for Chapter 7 bankruptcy as the stirling dish technology could not compete against the falling costs of solar photovoltaics (PV), according to media reports. [4][5]
At the beginning of 2011 Stirling Energy's development arm, Tessera Solar, sold off its two large projects, the 709 MW Imperial Valley Solar Project and the 850 MW Calico Solar Energy Project to AES Solar and K.Road, respectively.[6][7]
[edit] See also
[edit] References
- ^ www.windaction.org | Wind Capital gets a $150 million boost
- ^ http://www.stirlingenergy.com/downloads/17-April-2008-Stirling-Energy-Systems-Announces-$100-Million-Investment-by-NTR-plc.pdf
- ^ http://www.irishtimes.com/newspaper/finance/2011/0803/1224301773571.html
- ^ http://www.renewableenergyfocus.com/view/21168/stirling-energy-caves-in-against-pvs-falling-costs/
- ^ http://www.reuters.com/article/2011/10/01/solyndra-bankruptcy-idUSS1E78T1TK20111001
- ^ http://www.pv-tech.org/news/aes_solar_buys_tessera_solars_imperial_valley_project_with_intent_to_turn_c
- ^ http://gigaom.com/cleantech/tessera-solar-sells-troubled-850mw-project-to-k-road/
[edit] External links
- Official website
- November 15, 2005 in Wired News -Stirling Systems signed contracts with Con Ed to build plants in the Mojave.
- May 2005 in Fortune Magazine - Stirling Energy Systems makes Fortune Magazine’s 25 BREAKOUT COMPANIES 2005.
- Feb 2005 in Popular Science Magazine - Dishing Out Real Power - Costs are down, interest is up, and the Stirling solar system is ready to flick the switch.
- Jan 2005 in US News - It has been said that solar energy is the future of energy and always will be. But growing concern about climate change and high oil prices is generating new interest in ways to more efficiently capture the power of the sun.
- Irish Times NTR posts record-breaking losses of €381m
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