Thursday, in association with leading utilities FPL Group, Inc.(NYSE: FPL) and PG&E Corp. (NYSE: PCG), Ausra, Inc., a solar thermal power technology company, presented a formal commitment at the Clinton Global Initiative Annual Meeting for a clean energy future through the development of 1,500 megawatts of solar thermal power plants which they claim will produce electricity at a price comparable with conventional fossil-fuel power plants.
As part of this announcement, PG&E Corp. committed to purchasing an additional 1,000 megawatts of solar thermal power over the next five years. Separately, FPL Group committed to develop 500 megawatts of solar thermal power plants. Collectively these commitments will generate about as much electric power as all the photovoltaic solar panels installed worldwide in 2006.
Solar thermal power plants generate electricity by driving steam turbines with sunshine. Solar concentrators boil water with focused sunlight, generating high-pressure steam which drives conventional turbine generators. Energy storage systems can store heat from the sun to allow solar electric power to be generated on demand, day and night.
One of the major differences between Ausra's system and other solar thermal power plants is that they use low cost flat mirrors rather than solar troughs. A previous post on Ausra gives further details about how their system differs from others resulting in a lower cost of electricity.
"FPL Group has evaluated Ausra’s new solar thermal technology, and we view this breakthrough technology as a promising option to make solar energy an economically sound addition to our power generation going forward.” said Lewis Hay, chairman and CEO of FPL Group, parent company of Florida Power & Light.
FPL Group is the nation’s leader in wind and solar energy today.
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