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solarreserve

Utility solar project adds molten salt for storage

Updated at 2:30 p.m. PST with additional information on PG&E deal.

SolarReserve said on Tuesday it has signed a deal to build a utility-scale solar plant in Nevada with a molten salt storage system that will let it supply power when the sun isn't shining.

The Santa Monica, Calif.-based company has a 25-year power purchase agreement with utility NV Energy to supply about 480,000 megawatt-hours of electricity a year, enough to power about 75,000 homes during peak times. The capacity of the concentrating solar system will be 100 megawatts and be located … Read more