founded 2008 2008 headquarters santa monica california u.s. key people kevin smith ceo website solarreserve.com solarreserve is a developer of utility scale solar power projects which include concentrated solar power csp and photovoltaic pv technology . the company has commercialized solar thermal energy storage technology that enables solar power tower csp plants to deliver electricity day and night . in this technology a molten salt is used to capture the energy from the sun and store it . when electricity is needed the stored liquid salt is used to turn water into steam to turn a turbine and generate electricity . 1 2 as of may 2015 solarreserve has developed and secured long term power contracts for 482 megawatts mw of solar projects representing 2.8 billion of project capital with a development pipeline of more than 6.6 gigawatts gw globally . 3 in addition to its headquarters in santa monica california solarreserve has offices in spain chile south africa turkey australia and the united arab emirates . contents 1 history 2 projects 2.1 crescent dunes solar energy project 2.2 redstone solar thermal power project 2.3 copiap solar project 2.4 photovoltaic 3 see also 4 references 5 further reading 6 external links history edit solarreserve was formed in early 2008 with seed capital 4 from us renewables group in partnership with united technologies corporation utc to commercialize advanced molten salt technology for utility scale concentrated solar thermal power . 5 this technology was first developed and tested by rocketdyne for two decades and had more than 100 us and international patents . 6 7 8 in september 2008 the company raised an additional 140 million in a series b funding . 9 in 2014 solarreserve acquired ownership from rocketdyne of its intellectual property rights and patents specifically for molten salt technology for concentrated solar thermal power and electricity storage heliostat designs and collector field control systems . 10 projects edit crescent dunes solar energy project edit the 110 mw crescent dunes solar energy project is the world s first utility scale facility to use molten salt power tower energy storage . 1 it has 10 347 tracking mirrors 11 heliostats that follow the sun and reflect and concentrate sunlight onto a heat exchanger a receiver atop a 640 foot tower . crescent dunes has 10 hours of storage and will deliver 500 000 mw hours of electricity per year day and night to 75 000 homes . 12 in september 2011 solarreserve received a 737 million loan guarantee from the u.s. department of energy doe for the project and broke ground . 13 the project has a 25 year agreement with nv energy for 100 percent of the electricity . construction is complete and the project went online in the fall of 2015 . 14 under the rollout plan with nv energy the facility will ramp up over the coming year . 15 redstone solar thermal power project edit the redstone solar thermal power project is 100 mw solar project located at postmasburg near kimberly south africa . the project will have 12 hours of storage to deliver to more than 200 000 south african homes . the project is planned to be online in 2018 . 16 copiap solar project edit the copiap solar project near copiap atacama region chile is a 260 mw hybrid solar power project consisting of csp and pv energy . it will have 14 hours of storage to deliver to more than 560 000 homes in atacama . the project is the first of its kind in chile and will be the largest solar power plant in the world . 17 photovoltaic edit lesedi solar energy project letsatsi solar energy project jasper solar energy project see also edit concentrating solar power energy storage list of concentrating solar thermal power companies list of energy storage projects references edit a b wired the window crescent dunes solar energy project part 1 the facility the window wired grunwald mike . the green revolution is here time june 5 2014 . subscription required dipaola anthony . solarreserve seeks south african plants expansion into mideast bloomberg may 9 2014 lunsford lynn . solar venture will draw on molten salt . the wall street journal . january 2 2008 . silver edward solar to salt energy start up gets 140 million in financing la times september 19 2008 karuh carri . concentrated solar power tower technology hits milestone breaking energy april 3 2013 woody todd . secret ingredient to making solar energy work salt forbes april 4 2012 litwin rz high temperature molten salt receiver patent images june 20 2006 . kho jennifer . solarreserve raises 140m for solar thermal projects greentechmedia.com website september 16 2008 . yang melissah . solarreserve buys aerojet rocketdyne division los angeles business journal october 27 2014 kraemer susan . csp 2015 plant data to highlight output costs against tech risk csp today may 22 2015 kile meredith need to know how solarreserve generates energy around the clock al jazzera america january 23 2014 . energy department finalizes 737 million loan guarantee to tonopah solar energy for nevada project press release . loan programs office lpo dept. of energy doe . september 28 2011 . retrieved 2 july 2014 . where the sun doesn t set on solar . us news & world report . retrieved 2016 06 09 . crescent dunes 24 hour solar tower is online . cleantechnica . retrieved 2016 06 09 . kessler richard a south africa awards solarreserve group 100mw csp project recharge news january 08 2015 . copiapo solar la primera planta hibrida en el pais que operaria las 24 horas . cnn march 04 2015 further reading edit wald matthew l. arizona utility tries storing solar energy for use in the dark the new york times october 18 2013 p. b1 new york edition ; also published online at nytimes.com on october 17 2013 . retrieved october 18 2013 . discusses brightsource energy electric power research institute ivanpah solar power facility project and the solana generating station project external links edit official solarreserve website v t e united technologies subsidiaries pratt & whitney utc aerospace systems utc building and industrial systems predecessors united aircraft united aircraft and transport corporation former subsidiaries clipper windpower 2010 2012 hamilton standard 1929 1999 hamilton sundstrand 1999 2012 otis elevating railway 1892 1918 otis hovair 1985 2014 pratt & whitney rocketdyne 2005 2013 schweizer aircraft 2004 2012 sikorsky aircraft 1929 2015 utc power 1958 2012 vought 1928 1954 people frederick rentschler related pratt & whitney measurement systems solarreserve v t e pratt & whitney current subsidiaries pratt & whitney canada joint ventures engine alliance international aero engines former subsidiaries pratt & whitney rocketdyne test facilities mirabel aerospace centre people george j. mead frederick rentschler related francis a. pratt pratt & whitney measurement systems solarreserve amos whitney united technologies corporation retrieved from https en.wikipedia.org w index.php title solarreserve & oldid 726918907 categories solar energy companies of the united statessolar energy in californiatechnology companies based in the greater los angeles areacompanies based in santa monica californiaenergy companies established in 2008renewable resource companies established in 20082008 establishments in californiaamerican companies established in 2008rocketdyneunited technologies corporation navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 25 june 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