[The Vector] Progress in Solar Thermal / CSP (Concentrating Solar Power)
The Vector is pleased to see progress made in the solar thermal / CSP (concentrating solar power) space. We have always believed that solar thermal is the heavy betting favorite to be the ultimate winner in the race for a clean energy technology to replace fossil fuels – at least through the remainder of the 21st Century.
The US Department of Energy recently provided a loan guarantee that will act as the foundation for Abengoa Solar’s (Gila Bend, Arizona) Solana project — the world’s largest parabolic trough concentrating solar plant. US DoE Secretary Stephen Chu announced the project last month: a 250-megawatt (MW) project — the first large-scale solar plant in the United States capable of storing energy it generates, using large insulated molten salt tanks.
No sooner than the announcement was posted at Renewable Energy World did the detractors start in, deliberately misrepresenting the overall effectiveness of the technology, and referring to the project as (more…)