Investors in SolarReserve include U.S. Renewables Group, Citi Alternative Investments, Sustainable Development Investments, Good Energies, and Credit Suisse.
SolarReserve, a utility-scale solar thermal developer, just closed on $15 million of a $30 million round, according to an SEC form D filing spotted by Green Energy Reporter.
SolarReserve of Santa Monica, California closed a $140 million venture round in 2008 and has a $737 million loan guarantee offer from the DOE for a 110-megawatt molten salt storage power tower with more than 10 hours of thermal energy storage. This will be the tallest molten salt tower in the world, according to the DOE website. The firm licenses the molten salt power tower solar technology from Rocketdyne, a division of Hamilton Sundstrand, a subsidiary of UTC.
SolarReserve has a power purchase agreement (PPA) with NV Energy for this project. Molten salt energy storage allows the solar system to behave a bit more like a natural gas power plant and a bit less like a field of heliostats or PV solar panels. That’s the upside.
Investors in SolarReserve include U.S. Renewables Group, Citi Alternative Investments, Sustainable Development Investments, Good Energies, and Credit Suisse.
