eSolar partners with leading energy companies around the world to enable complete project capabilities, ranging from technology development and component manufacturing to power plant construction and operation.
General Electric
GE and eSolar have an investment and licensing agreement that will incorporate eSolar technology into its offers of cost-effective ISCC and standalone solar thermal power plants.
An ISCC project combines a combined-cycle system including a gas turbine, steam turbine, generators and a heat recovery steam generator, with a field of mirrors that focus sunlight on a tower to produce high temperature steam. Steam generated in the solar field is fed into the water-steam cycle of the combined-cycle plant, increasing the power of the steam turbine and creating extra megawatts of electricity without using any additional natural gas.
"GE has the world's largest installed base of gas turbines that are being used in ISCC power plants, but these plants used higher cost and lower temperature trough technology and combined-cycle technology that have limitations in flexibility. Our revolutionary FlexEfficiency technology was designed from the ground up to integrate with renewable power, and the addition of eSolar's high temperature tower technology to our FlexEfficiency combined cycle power plant is an important step forward for our industry because it allows us to offer an ISCC power plant that creates more value for customers at a competitive cost," said Paul Browning, president and CEO – thermal products for GE Energy. "As a part of this transaction, GE is becoming an investor in the technology as well as the primary channel to the power industry though the license arrangement."
NRG Energy
NRG Energy, Inc. has partnered with eSolar to develop solar power plants with a total generation capacity of up to 500 MW at sites within California and across the Southwestern United States. Additionally, NRG has invested approximately $10 million for equity and associated development rights for three projects and a portfolio of power purchase agreements (PPAs) to develop, build, own and operate up to 11 eSolar modular solar generating units at these sites. The development assets will use eSolar's concentrating solar power (CSP) technology to sell renewable electricity under contracted PPAs with local utilities seeking competitively priced, zero-carbon solar power. "This is NRG's first venture into solar power," said Michael Liebelson, NRG Chief Development Officer of Low-carbon Technology. The deal, "signifies a meaningful step forward in NRG's efforts to be a leader in solar development in the United States. By coupling NRG's construction capabilities and regional operating expertise with eSolar's innovative CSP technology, we can advance NRG's renewable energy portfolio while helping to accelerate development of these important projects on a commercial scale."
ACME Group
The ACME Group – a leader in the field of energy, environmental and telecommunications infrastructure solutions in India – has partnered with eSolar as a master licensee of eSolar technology within India. ACME will build, own and operate up to 1 GW of solar thermal plants over the next 10 years using eSolar's modular and scalable design and will work with other companies in India using eSolar technology. Manoj Upadhyay, Chairman and CEO of ACME, remarked, "The eSolar system addresses obstacles that have previously plagued solar installations and presents a viable, cost-effective alternative that can scale quickly to meet India's growing energy needs." ACME has made a $30 million equity investment in eSolar. Bill Gross, CEO of eSolar, commented, "ACME's $30 million commitment demonstrates their confidence in eSolar's technology. We are committed to working with the very best partners, such as ACME, to scale deployment as quickly as possible around the world."
Penglai Electric
Penglai Electric, a privately-owned Chinese electrical power equipment manufacturer,
has partnered with eSolar to build 2 GW of solar thermal power plants in China by 2021.
The deal represents the country's largest CSP project and has a total potential capital investment of more than $5 billion.
Under the master licensing agreement, Penglai Electric will use eSolar's proven solar thermal technology.
The first plant of 92 MW will break ground in 2010. The plants will be co-located with biomass electricity generation facilities,
together eliminating 15 million tons of carbon dioxide emissions annually. "Using the power of the sun, eSolar's technology minimizes
the environmental impact on manufacturing and deployment while maximizing land and cost efficiency," said Liu Guangyu, chairman and CEO of Penglai Electric.
The Babcock & Wilcox Company
The Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) – a leader in advanced energy technology innovation and service – has teamed with eSolar to design, build, and test a modular, baseload molten salt power plant using concentrated solar power. The
project has been selected to receive up to $10.8 million in funding from the U.S. Department of Energy. "We're excited about the U.S. government's support for eSolar and B&W PGG's development of this important and innovative technology," said B&W PGG President and Chief
Operating Officer Richard L. Killion. "Concentrating solar power and molten salt technology have the potential to play a major role in meeting the nation's energy needs in a cost-effective, environmentally friendly way."
|
 |
Business Inquiries
US toll-free
877-ESOLAR7
US telephone
818-303-9500
|
