Big Concentrating Solar Tower Project in Nevada Gets DOE Loan Guarantee

Big Concentrating Solar Tower Project in Nevada Gets DOE Loan Guarantee

This post reports on the newly announced loan guarantees for the concentrated solar power (CSP) Crescent Dunes Solar Energy Project that is to be built in Nevada. This kind of solar power, because it is paired with a molten salt thermal energy storage capacity has the ability to be a load following generation source that is somewhat insulated from intermittency issues as well. For large concentrated solar thermal energy this decoupling of the energy collection from electricity generation makes a lot of sense, because the molten salt is already being used as the working fluid that captures the sun’s heat.

Energy Sec. Chu Calls for Cleantech Revolution To Create Green Jobs, Rebuild Our Economy, and Save The Environment

Last week, at the National Clean Energy Summit 2.0 in Las Vegas, Energy Secretary Chu called for a revolution, “a second industrial revolution.” The first industrial revolution came with a “carbon dioxide cost” but “in the next industrial revolution, we must develop technologies that will enable us to get the energy the world needs to grow and prosper but “essentially reducing and eliminating the carbon dioxide,” he said. Chu said the United States has the greatest research and development centers in the world in universities, national labs and the private sector. “Once we get this great invention machine geared and going we’d be invincible. But the only trouble is, let’s get it going.”

Green Grid Bill Introduced in Senate

Senate Majority Leader Harry Reid (D-Nev.) has introduced legislation to support president Obama’s vision of a green grid. The Clean Renewable Energy and Economic Development Act will promote investments in transmission to facilitate access to renewable power, and also establish a streamlined planning and siting process for transmission lines. This legislation will make it easier for renewable energy suppliers to deliver clean energy from the often remote areas where it is harnessed to major population centers across the country.