Top 3 trends augmenting concentrated solar power market
The CSP market is estimated to record steady growth by 2027 owing to growing renewable integration across the decentralized grid network coupled with government reforms and policies to improve sustainable energy mix.
Chinese government plans to build commercial molten salt reactor (MSR)
Government researchers unveiled a design for a commercial molten salt reactor (MSR) that uses thorium as fuel. Construction of the first commercial reactor being built in the Gansu province should be complete, they noted, by 2030.
Investors should get plugged into Heliogen’s smart solar power
Heliogen Inc., which provides AI-enabled concentrated solar power and was founded in 2013, is merging with Athena Technology Acquisition Corp. (Ticker: ATHN) in SPAC deal with a valuation of $2 billion.
John Cockerill to supply thermal receivers to redstone CSP plant in SA
John Cockerill, a Belgium-based engineering company, has revealed that it will supply molten salt solar thermal receivers to Redstone’s 100 MW Concentrated Solar Power Plant in the Northern Cape Province of South Africa.
Solar power and desalination to be efficiently linked for first time in new project
Cranfield University will join 19 research partners spread through 12 countries to develop a first-of-a-kind plant which couples concentrated solar power (CSP) and desalination techniques.
A new iron age? Start-up promises low-cost, high-energy iron-air batteries for home grids
Boston-based startup Form Energy claims to have achieved a battery breakthrough using one of the oldest materials known to industrialized civilization: Iron.
Bloom Energy, Heliogen to produce green hydrogen using only concentrated solar power and water
Bloom Energy revealed plans to cooperate with Heliogen to produce green hydrogen using only concentrated solar power and water to support the global energy transition.
Concentrated Solar Power Market to Reach $90.02 Billion by 2027; Increasing Investments in Product R&D will Provide Impetus to Market Growth
The global concentrated solar power market size is projected to reach USD 90.02 billion by the end of 2027. The presence of several large scale companies in this sector will have a huge impact on the growth of the overall market in the coming years.
Concentrated Solar Power should be considered given the need for manageable energy and storage
A lack of supportive tenders is endangering the Concentrated Solar Power industry’s quest for lower costs and its leading position in overnight renewable power.
100 MW Redstone Solar with 12 Hours Daily Thermal Energy Storage Closes Financing
ACWA Power has led South Africa’s largest renewable energy project Redstone CSP to financial close. The ZAR 11.6 billion Redstone concentrated solar power (CSP) plant will power 200,000 households upon completion.
A consortium led by Abengoa and Acciona has commissioned a 110 MW concentrated solar power project, paired with 100 MW of PV, in Chile’s Atacama Desert.
Asia Pacific concentrated solar power market to see a significant growth by 2027
Two-axis tracking technology will set the trend to boost high operational efficiency and longer production time. In terms of revenue, the Asia Pacific concentrated solar power market will witness a considerable gain by 2027.
Thermal energy storage set to triple – lessons from IRENA
IRENA hosted two of its report authors answering questions on thermal energy storage. Together, they presented findings from their innovation outlook paper, which focused on the future evolution of heat-based energy storage.
World's largest floating solar project to start in MP by 2023: State Govt
The primary feasibility study of the project has been completed in collaboration with the World Bank. The project is likely to begin power generation by year 2022-23, the minister said.
Startups
.png)