Hamilton Sundstrand, a subsidiary of United Technologies Corp., and US Renewables Group have agreed to commercialize the concentrated solar power (CSP) tower technology and corresponding molten salt storage system developed by Rocketdyne through a new entity known as SolarReserve.
SolarReserve will hold the exclusive worldwide license to market and operate utility-scale concentrated solar power projects using molten salt technology and equipment developed and manufactured by HS Rocketdyne. This renewable technology, the companies say, will enable utility-scale solar power generation. It is designed to meet a utility's needs with a single installation capable of producing up to 500 MW of peak power.
HS Rocketdyne's CSP tower and molten salt storage system technology was originally demonstrated in conjunction with the U.S. Department of Energy at the Solar Two facility in Barstow, Calif. The unique component of the HS Rocketdyne power tower is the central receiver, the company says. This high-heat flux hardware represents a unique combination of liquid rocket engine heat transfer technology and molten salt handling expertise.
‘This is a perfect blend of world-class engineering, power project development expertise and the entrepreneurial business structure required to bring a proven capability to the marketplace,’ says David P. Hess, president of Hamilton Sundstrand.