August 18, 2017 1:19 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of SolarReserve, LLC

Company Overview

SolarReserve, LLC develops utility-scale solar power projects in the United States and internationally. The company engages in electricity generation by solar thermal energy and photovoltaic panels; and develops and secures long-term power contracts for 482 megawatts of solar projects. It also provides grid-tied and off-grid solar photovoltaic rooftop, ground-mount, and carport solutions to commercial and industrial customers in South Africa; and specializes in development, engineering, finance, project management, operation and maintenance, and product development solutions. SolarReserve, LLC was incorporated in 2007 and is based in Santa Monica, California. It has additional offices in Dub...

520 Broadway

6th Floor

Santa Monica, CA 90401

United States

Founded in 2007

Phone:

310-315-2200

Fax:

310-315-2201

Key Executives for SolarReserve, LLC

Chief Executive Officer and Director
Chief Financial Officer and Senior Vice President of Operations
Vice President and General Counsel
Senior Vice President of Development
Senior Vice President of Development
Compensation as of Fiscal Year 2017.

SolarReserve, LLC Key Developments

SolarReserve Signs Agreement with South Australian Government for 150 Megawatt Solar Thermal Project with Energy Storage

SolarReserve has signed a long-term Generation Project Agreement (GPA) to build a 150 megawatt solar thermal power station with 8 hours of energy storage near the town of Port Augusta, South Australia. The first of its kind in Australia, the Aurora Solar Energy Project will utilise SolarReserve’s leading solar thermal technology with integrated molten salt energy storage. With a massive 1,100 megawatt-hours of energy storage capability, Aurora will be the largest project of its kind in the world, designed to meet the South Australian Government’s annual electricity consumption. The Generation Project Agreement is similar to a Power Purchase Agreement for renewable energy, except that emphasis is placed on the available capacity of the facility during peak demand periods rather than just the energy that can be delivered in kilowatt-hours. Aurora will deliver power into the National Electricity Market (NEM) at high value electricity periods, providing additional capacity, energy security and reliability services, as well as competition into the South Australian market. As part of this transformative project, SolarReserve will be establishing a research partnership with South Australian universities to advance solar thermal research and education in South Australia.

SolarReserve Receives Environmental Approval for 390 Megawatt Solar Thermal Facility with Storage in Chile

SolarReserve has received an environmental approval from the Chilean government to build a 390 megawatt solar thermal power station with 5,100 megawatt-hours of energy storage. This important milestone marks SolarReserve’s third approval of a solar thermal project that will provide Chile with a non-intermittent, 24-hour supply of energy-at a price competitive with fossil fuel based generation. Utilizing SolarReserve’s proprietary solar thermal energy storage technology, the Likana Solar Energy Project in the Antofagasta region of Chile, will be comprised of three 130 megawatt (MW) solar thermal towers, each with 13 hours of full load energy storage. With 5.1 gigawatt-hours of total energy storage capacity, the facility will deliver 390 megawatts of continuous output, resulting in over 2,800 gigawatt-hours generated annually. It will operate at a capacity factor and availability percentage equal to that of a fossil fired power plant, while providing a highly competitive price of power-and with zero emissions.

SolarReserve, LLC Presents at Energy and Mines Australia Summit, Jun-30-2017 01:10 PM

SolarReserve, LLC Presents at Energy and Mines Australia Summit, Jun-30-2017 01:10 PM. Venue: Perth, Western Australia, Australia. Speakers: Daniel Thompson, Director of Development for Australia.

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