BrightSource Expands Into China CSP Market

Posted by SI Staff on August 02, 2013 No Comments
Categories : New & Noteworthy

BrightSource Energy Inc. has signed memoranda of understanding (MOUs) with the China Power Investment Corp. (CPI) and the China Renewable Energy Engineering Institute (CREEI) to develop concentrating solar power (CSP) plants and policies in China.

Under the MOU with CPI, BrightSource will be the technology supplier for the first commercial-scale CSP project as part of an energy and environmental cooperation agreement between the U.S. Department of Energy and China's National Energy Administration. The company says it was selected based on its experience with the development of the Ivanpah Solar Energy Generating System in California.

BrightSource and CPI will also track CSP technology developments for future cost reductions, work together to pursue relevant policy developments in China and explore collaboration in international markets.

Under the CREEI MOU, BrightSource will cooperate on issues regarding efficient utilization of solar power. CREEI was selected by China's National Energy Administration to organize related parties to compile a national CSP handbook to help guide the development of future CSP projects.

‘The global market for CSP is expanding at a rapid pace, and that is especially true in China,’ says BrightSource Executive Chairman David Ramm in a statement. ‘BrightSource looks forward to working with our partners in China to execute these MOU's. In doing so, we will work to help establish industry best practices and grow a vibrant market for CSP.’

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