In Brief China’s state-owned Shenhua Group Corp. has just signed a memorandum of understanding with Santa Monica based SolarReserve, partnering to bring 1,000 MW of clean energy into China.
More and more countries are getting in on the green energy bandwagon, shifting their energy dependencies from fossil fuel burning to renewable energy.
The world’s largest coal company, China’s state-owned Shenhua Group Corp. has just partnered with Santa Monica, Calif.-based SolarReserve in order to bring 1,000 megawatts of solar thermal plants into China.
Under the memorandum, Shenhua will bring its expertise in constructing and operating power plants and take the lead on development, while SolarReserve brings its solar thermal technology, as well as its support services.
Unlike other solar power providers, SolarReserve builds and develops its own molten salt energy storage technology.
The way it works is that it focuses the solar energy from the sun into a tall molten salt tower at the center of the complex, heating the molten salt into more than 566 C(1050 F). This is then transferred to storage tanks and used to run turbines.
Because the salt can maintain its heat for up to ten hours, the plant can continue to produce energy long after the sun goes down.