SolarReserve will hold the exclusive worldwide license to market and operate utility-scale concentrated solar power projects using molten salt technology and equipment developed and manufactured by HS Rocketdyne.

Hamilton Sundstrand said that this renewable technology will enable utility-scale solar power generation and is designed to meet a utility’s needs with a single installation capable of producing up to 500MW of peak power.

David Hess, president of Hamilton Sundstrand, said: We’re convinced that this renewable technology will make a positive impact for future generations, and we’re confident the SolarReserve business structure will expedite our efforts to address this national priority.