SolarReserve CEO Kevin Smith said completion of the solar power tower is a significant milestone not only for SolarReserve and our plant, but also for the solar energy industry as a whole.
"Our US-developed technology has the ability to store energy for 10-15 hours and solves the issue of intermittent power generation to the grid," said Smith.
The plant utilizing the most advanced solar thermal technology worldwide, will be the nation’s first commercial-scale solar power facility with fully integrated energy storage and the largest power plant of its kind in the world.
The Crescent Dunes project has secured a 25-year power purchase agreement with NV Energy and will provide clean power to about 75,000 households upon completion.
The project is jointly owned by SolarReserve, ACS Cobra and Santander.
The plant is expected to be operational by the end of 2013.
