SolarReserve is a solar energy project development company that was formed to solve two of the fundamental problems of energy supply with one integrated solution: how to provide large-scale energy solutions that are renewable and how to store that energy in order to provide firm supply “on-demand” to meet peak energy requirements, day or night.
Unlike conventional coal, natural gas, oil or nuclear energy technologies that use limited fuel sources that create pollution or hazardous wastes, SolarReserve’s power plants draw their heat from the sun, earth’s ultimate source of clean energy. And unlike other sources of renewable energy, such as wind and photovoltaics, SolarReserve’s power plants can deliver electricity whenever it is needed, 24 hours a day through its market-leading energy storage technology. By solving these two key problems, SolarReserve provides utility-scale, clean, renewable electricity generation with firm supply to meet demand, day or night.
SolarReserve holds the exclusive worldwide license to the molten salt solar power tower technology developed by Pratt & Whitney Rocketdyne (PWR). Pratt & Whitney Rocketdyne demonstrated the technology at the Solar Two power plant in Southern California in the late 1990s.
SolarReserve has assembled an experienced team of executives, engineers, developers and financial experts that have previously developed and financed more than $15 billion in renewable and conventional energy projects in more than a dozen countries around the world. Since its formation in late 2007, SolarReserve’s team of power project professionals have assembled a concentrated solar power development portfolio of more than 25 projects featuring its licensed solar power technology with potential output of more than 3,000 megawatts in the United States and Europe; with early stage activities in other international markets including the Middle East, North and South Africa, Australia, China, India and Latin America. SolarReserve is also developing more than 1,100 MW of photovoltaic projects across the United States, and is actively acquiring new sites to add to the pipeline in the US and overseas.
With an experienced management team, technology and engineering support from PWR, and financial support from its strong group of private investors, SolarReserve is poised to revolutionize the electricity industry.