MW-scale energy storage Articles
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China beam-down CSP pioneer predicts 30% cost reduction
The developer of the world's first commercial beam-down CSP plant predicts a four-fold hike in thermal efficiency for a larger 200 MW plant. As CSP developers seek new ways to cut costs, a new 50 MW beam-down tower plant in China will provide valuable insights into an emerging CSP technology. Developed by BCP Solar Technology (known in China as Xinchen Solar), the RMB 1.8 billion ($255 ...
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Vast Solar in talks with Australian mining groups for first CSP plant
Modular CSP developer Vast Solar sees Australia's mining sector as the greatest deployment opportunity before wind and PV growth creates wholesale market openings, Craig Wood, CEO of Vast Solar, told New Energy Update. Vast Solar's quest to build Australia's first large-scale CSP plant could soon be boosted by new offtake contracts with the mining sector. The developer is currently in talks ...
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US plant shutdowns, grid focus drive storage growth: Greensmith CEO
Power plant closures and hiking transmission costs are driving up US utilities’ investment in renewable energy storage, John Jung, CEO of Greensmith, an energy storage services firm, told Wind Energy Update. Some 60 GW of US coal-fired capacity is set to close between 2012 and 2020, according to the EIA. Nuclear plant lifespans will end and the US plans $180bn in planned transmission ...
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