Storing solar power in the form of molten salt. SolarReserve says it can do it, and it's landed a project with NV Energy to prove it.
The Santa Monica, Calif.-based startup announced Tuesday that it has signed a 25-year power purchase agreement with the Nevada utility to buy power from a 100-megawatt solar-thermal plant to be built near the town of Tonopah, Nev.
SolarReserve, which last year raised $140 million in a Series B round let by Citi's Sustainable Development Investments and Good Energies, said it intends to start construction next year, though the Nevada Public Utilities Commission still needs to sign off on the deal.
Central to SolarReserve's plans is the molten salt energy...