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Follow on Google News | Milton Financials: NRG and Brightsource Energy to collaborate on largest solar thermal plant.NRG Energy and Brightsource Energy are to build and operate the world’s biggest solar thermal plant.
Traditionally Solar projects have been based on photovoltaic technology where sunlight is turned into electricity using semiconductor materials in panels but there has been a recent move toward large-scale solar thermal or concentrated solar projects. Projects using thermal solar power such as the Brightsource development utilize mirrors to focus sunlight on a fixed point to heat a liquid which then produces steam and drives a power turbine, Milton Financials has learned. NRG is involved in another partnership to develop thermal solar plants with eSolar and has told Milton Financials that construction of the 392-megawatt Ivanpah project in the Mojave Desert is underway and should be operational by mid-2013. The Ivanpah project has received the go-ahead from both federal and Californian state agencies and was awarded a $1.375 billion conditional commitment from the U.S. Department of Energy. # # # Milton Financials is a dedicated, independent broker providing the market insight and investment advice that corporate, institutional and private clients trust. End
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