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June
3, 2008
Pasadena,
CA, USA: eSolar and Southern California Edison Sign Power Purchase
Agreement
Today,
eSolar™, a producer of scalable solar thermal power plants, announced
that it has signed a power purchase agreement with Southern California
Edison (SCE) to build a total of 245 megawatts (MW) of concentrating
solar plants in the Antelope Valley region of Southern California.
The series of fully operational plants will begin production in
2011.
“SCE
is committed to providing renewable energy generation at competitive
costs – to this end, we review all of the possible sources to
meet the growing demand for clean power,” said Stuart Hemphill,
SCE vice president, Renewable and Alternative Power. “eSolar’s
proposed solar projects promise to be modular, scalable, and easily
and rapidly deployed. SCE is excited about the prospects of eSolar’s
unique solar technology and the potential benefits it can bring
for our customers.”
On
the heels of its $130 million funding round in April led by Idealab,
Google.org, and Oak Investment Partners, eSolar is aggressively
pursuing a novel approach to large or utility-scale solar projects.
Leveraging a proprietary combination of optics and software in
a pre-fabricated form factor, eSolar achieves economies of scale
with a modular design that focuses on the key business obstacles
that have characterized large solar installations – price, scalability,
speed of deployment and grid impact.
“eSolar’s
proprietary approach to solar thermal generation can be designed
to meet the needs of utilities large and small – a smarter-sized
footprint and variable configurations ensure power can be delivered
where it is needed most,” said Asif Ansari, CEO of eSolar. “We
are proud to be supporting SCE in its commitment to delivering
clean, reliable electricity to its customers.”
Further details about: eSolar
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