[…] Ivanpah is on schedule to deliver electricity by the end of 2013.") BSE raised a $35 million bridge round from investors in July and lost CEO John Woolard in June.
GlassPoint brought 7 megawatts of enclosed trough CSP on-line in Oman for enhanced oil recovery applications.
Abengoa just bought Siemens’ scorned (former Solel) CSP assets through its Rioglass Solar subsidiary, according to CSP World. Last year, Siemens left the solar business "due to the changed framework conditions, lower growth and strong price pressure in the solar markets."
GTM Research’s database tracks the progress of all planned CSP projects in the U.S. — a pipeline which contains over 1,692 MWac of CSP projects with signed PPAs, as well as another 812 MWac of projects under development that have not yet signed PPAs with utilities.
This brings us to eSolar, the Burbank, Calif.-based builder of power-tower solar thermal technology. That firm just raised $22 million led by Oak Investment Partners. Existing investors include Idealab, GE Energy and Google.org. GE purchased a stake in the startup in 2011. The company has raised close to $200 million since its founding in 2007.
Bandel Carano of Oak Investment Partners is quoted on the website CSP Today as saying, "Demand for solar thermal technology in the oil industry is surging, and eSolar’s dispatchable power block is an ideal solution for enhanced oil recovery in these remote environments."
eSolar is now pursuing enhanced oil recovery applications, rather than power generation in the U.S.
Earlier reporting by GTM on eSolar:
“What is so unique about our technology is the modular nature of it and the scalability,” explained eSolar President/CEO John Van Scoter. “Instead of one-size-fits-all,” he said, “we can literally build these up just like building blocks and adapt to different customer requirements.”
ESolar’s Sierra SunTower in California has been in operation since 2009, and its Bikaner power tower in India has been in operation since last April. Its business partners include General Electric (GE) and Babcock & Wilcox, two major energy sector multinationals. And it has a roadmap for scaling its cost down and its reach outward.
The company has just completed phase two of a $50 million move, in partnership with the U.S. Department of Energy (DOE) and Babcock & Wilcox, to molten salt storage. “That will dramatically reduce the LCOE [levelized cost of electricity] delivered to the grid compared to steam-only non-storage systems,” Van Scoter said. “We chose to move the roadmap in that direction back in 2010 in order to be competitive,” he added.
The LCOE reduction is, Van Scoter acknowledged, to compete with PV. ESolar’s roadmap, he said, shows industry LCOE predictions for both crystalline silicon and thin-film PV. “Our objective is to compete straight-up with the best-in-class PVs on an ongoing basis but have the advantage of being dispatchable with storage.”
Van Scoter expects to beat PV with the company’s first commercial deployment of a solar power tower with molten salt storage in 2014-2015. “We know where PV is going to be, so we can back into where the capex for the system has to be. We break down that capex for the individual sub-systems. And we are designing the cost for each of those individual sub-systems.”