Solar thermal (CSP) technology leader partners with world’s largest coal company to deliver clean reliable 24-hour solar power with energy storage to China.

SolarReserve, LLC, a leading global developer of utility-scale solar power projects with proprietary advanced solar thermal energy storage technology, and Shenhua Group Corporation, Ltd., a key state-owned enterprise in the People’s Republic of China, announced the companies have signed a Memorandum of Understanding (MOU) to build 1,000 megawatts of solar thermal projects in China. SolarReserve’s solar storage technology solves the intermittency issues experienced with other renewable energy sources, enabling the delivery of 100% renewable baseload and dispatchable power with operational capabilities comparable to traditional fossil-fired and nuclear electricity generation methods.

The announcement was made on Monday in a signing ceremony in Washington D.C. attended by U.S. Deputy Secretary of Energy Dr. Elizabeth Sherwood-Randall and U.S. Deputy Secretary of Commerce Bruce Andrews.

«Today’s announcement is a perfect example of how innovative American companies are playing a leading role in the clean energy economy. This deal will support American exports and American jobs while simultaneously helping China meet the emission reduction goals it set under the Paris Climate Agreement. I am so pleased that last year’s trade mission, led by the Departments of Commerce and Energy, was instrumental in bringing this deal to fruition,» said U.S. Secretary of Commerce Penny Pritzker.