From a 4/21 press release:
eSolar™, a producer of modular solar thermal power plants, announced (pdf) that is has closed $130 million in funding from Idealab, Google.org, Oak Investment Partners, and other investors for the construction and deployment of pre-fabricated power plants. Their distributed solar thermal plants achieve economies of scale at 33 MW, and are modularly scaled to fit the needs of large and small utilities.
"The eSolar™ power plant is based on mass manufactured components, and designed for rapid construction, uniform modularity, and unlimited scalability. Rather than over-engineering the solution, eSolar’s smart scalable solar architecture targets what we see as the four key business obstacles facing the sector: price, scalability, rapid deployment, and grid impact."
-- Asif Ansari, CEO of eSolar.
. . . Centering on eSolar’s 33 MW pre-fab form-factor, the company’s modular design translates to minimal land requirements. The company’s solar power plant solutions are tailored to fit local resources and produce a low environmental footprint, favoring a straightforward siting and permitting process.
. . . eSolar has secured land rights in the southwest United States to support the production and transmission of over 1 GW of power. eSolar will have a fully operational power plant later this year in southern California.
From their website:
The economic tipping point, for solar power, occurs when the capital cost of the solar field is less than the capital costs and fuel costs of the traditional system. To address this issue, eSolar has developed a modular power plant architecture designed to take advantage of mass manufactured components at every level.
Continue reading "eSolar Receives Funding for 33MW Modular Solar Power Plants" »
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