46°F
weather icon Clear

SolarReserve acquires Aerojet Rocketdyne

SANTA MONICA, Calif. — SolarReserve, a leading global developer of large-scale solar power projects and advanced solar thermal technology, today announced its acquisition of Aerojet Rocketdyne’s Concentrating Solar Power (CSP) business.

The acquisition includes intellectual property (IP) rights and patents related to molten salt technology for concentrating solar-thermal power and electricity storage applications, as well as heliostat designs and collector field control systems.

The key personnel at Aerojet Rocketdyne with critical knowledge of this technology are joining SolarReserve along with the technology acquisition.

This includes Chief Engineer, George O’Connor, a 35-year veteran at Aerojet Rocketdyne who brings extensive technical leadership experience on the solar programs while at Aerojet Rocketdyne in addition to his expertise on rocket propulsion and advanced power systems.

“The technology acquisition further demonstrates SolarReserve’s industry leadership in solar thermal energy storage, and our ongoing commitment to technology innovation and operational excellence through investments in advanced technology research and development,” said SolarReserve’s CEO Kevin Smith. “With this acquisition and continued advancement on the technology, SolarReserve is well positioned to capture a significant portion of the projected $75 billion CSP market expected to develop through 2025.”

“We are excited to have the industry’s top solar thermal technology experts join SolarReserve from Aerojet Rocketdyne,” Smith added.

“The integrated SolarReserve technology organization will further innovate, improve performance and reduce deployment costs of this leading edge technology.”

SolarReserve has commercialized the world’s leading solar thermal energy storage technology with the capability to deliver clean, reliable electricity “on demand” at any time, day and night, whether or not the sun is shining.

This game-changing technology enables the company’s solar thermal (CSP) power plants to operate 24/7, providing a stable and predictable electricity product similar to that of conventional fossil fuel-burning power facilities, but without the associated harmful emissions and without any fuel costs.

Don't miss the big stories. Like us on Facebook.
THE LATEST
1 dead, 4 injured in U.S. 95 crash in Nye County

One person died and four others were injured following a crash Wednesday on U.S. Highway 95 in Nye County, the Nevada Highway Patrol said.

Cooking up sweet treats in the Pahrump community

The 2019 annual Christmas Cookie and Candy Making Contest attracted a healthy field of contestants this holiday season with nearly two dozen entries of sweet treats being dropped off for judging in mid-November at the Pahrump Valley Times headquarters.

Nye County District Attorney’s Report

Editor’s note: The Nye County District Attorney’s Report is provided by the office of DA Chris Arabia. Plans call for it to be provided as the information becomes available. Duplicate names represent separate cases. See pvtimes.com for a look at recent DA reports.

Pahrump’s schools play host to a special visitor

Roughly eight months after her appointment as Nevada’s new State Superintendent of Public Education, Jhone Ebert is visiting campuses throughout the Silver State.

Water board approves 600% parcel fee spike, Nye commissioner acting to halt increase

In a highly controversial move, on Monday, Dec. 9 the Nye County Water District Governing Board voted unanimously to raise its per parcel fee for roughly 50,000 Pahrump parcels from $5 to $35 per year per property, for a minimum of three years, an increase of 600% per year.

Pahrump resident named to Valley Electric board

Robin Barber, a former labor representative in California, has been appointed to the Board of Directors of Valley Electric Association, the VEA announced this week.

California Lottery

No one matched all five numbers and the mega number in the Wednesday, Dec. 11 drawing of the California Super Lotto. The next jackpot will be at least $10 million.