ThermalSoul, a provider of renewable thermal power, says it is in the process of selecting land for a site to develop Austin, Texas' first solar thermal power generation facility. The new facility will be the first for the company in the U.S.
Studies show that solar thermal facilities with efficient storage capabilities could meet more than 90% of the U.S.' electricity demand, the company notes. ThermalSoul believes it will be able to generate power at or near the wholesale cost of coal.
Following construction of the ThermalSoul facility, the company anticipates generating up to 10 MW of electricity. The facility can be expanded to meet future needs and energy mandates of local utility companies, the company adds.