Abengoa to Develop New Solar-Thermal Storage Technology

Abengoa, together with the National Renewable Energy Laboratory (NREL) and the Colorado School of Mines (CSM), has been selected by the US Department of Energy (DOE) to develop a new solar storage technology for thermo-electric plants. The program will last for two years and will require an investment of EUR1.3 million by the US Department of Energy. Abengoa will be responsible for leading the systems integration work and the technical-financial analysis, focusing on the commercial potential of this technology in future solar plant projects. This project is part of the SunShot Initiative carried out by the US Department of Energy, which seeks to promote innovation in order to make the cost of solar power more competitive compared with traditional sources, before the end of the decade.