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October 6, 2008 – Vol.13 No.29 Abengoa Solar Awarded Two R&D Contracts by the US Department of Energy (DOE) Totaling $14.4 Million. Under the first award, Abengoa Solar aims to develop technology that will reduce the cost of thermal energy storage for trough-based Concentrated Solar Power (CSP) systems by 20 to 25 percent. The second contract will investigate new technologies for integrating thermal energy storage with power tower CSP systems. The two projects join three other DOE contracts that were awarded to Abengoa Solar in December 2007 that were focused on developing more efficient parabolic trough technology. The overall R&D program being pursued by Abengoa Solar over the next few years will provide a major impetus in the drive to increase the efficiency and reduce the cost of solar power technology.
The goal of the DOE R&D program, working in collaboration with partners such as Abengoa Solar, is to develop CSP technologies that are competitive with conventional energy sources by 2015. Abengoa Solar develops and deploys technologies to generate clean energy from the sun. (10/2/08)
Links: Abengoa Solar
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Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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