Sandstone Energy 10X
The Sandstone Energy 10X project will be a solar energy complex with up to ten solar thermal plants, using the next generation of SolarReserve’s energy storage technology. Each tower will be 150-200 megawatts, with storage and fully dispatchable, each producing about 700,000 megawatt-hours per year. Times ten towers, this will total up to 2,000 megawatts of power capacity and 7,000,000 megawatt-hours of annual output – generating power when energy is most valuable, reducing cost and risk to customers. Each tower will have approximately 10 hours of full-load energy storage, totaling 20,000 megawatt hours of energy storage capability for the entire project.
The project would be a win-win for both Nevada and California, supplying California clean energy needs and providing a job-creating export market for Nevada. The first phase of the project will start construction in the next 2-3 years, once we have completed permitting, obtained a power purchase agreement (PPA), secured funding, and selected an EPC.
- Location: Nye County, Nevada
- Technology: SolarReserve’s proprietary CSP tower technology with Molten Salt Thermal Energy Storage
- Size: 2,000 megawatt facility output
- Storage: 10 hours of full load storage, totaling 20,000 megawatt hours of energy storage capability
- Electricity Production: 7,000,000 megawatt-hours of annual output – generating power when energy is most valuable, day and night
- Dry Cooling: Significantly reduces the use of water, saving millions of gallons of water each year
- Homes Powered: One million
- Fuel: Our technology only uses the sun as its fuel, with no requirement for natural gas backup
- Land Use: The project would be located on roughly 15,000 – 20,000 acres, which is less than three one hundredths of one percent of the land in Nevada
- A project of this size would be a huge benefit to Nevada’s economy. We anticipate:
- 3,000 construction jobs for 7 years of construction;
- More than 10,000 direct, indirect and induced jobs across America, as the vast majority of equipment and materials would be U.S. manufactured;
- More than $5 billion of capital investment;
- 250 long-term, high-value operational jobs on site for 30 years or more;
- More than $100 million per year paid in salaries and operating costs; and
- Over $600 million in total tax revenues through the first 20 years of operation –supporting local municipalities, school systems, and police and fire departments.
- The project is a giant leap forward for California as well:
- California has a 50% target for renewable energy, and that cannot be met with intermittent wind and PV. Energy storage will be a key part of an increasing the use of renewable energy;
- We can meet the real energy demand of California, and address the peak times of California’s “Duck Curve” with purely renewable energy – no fossil fuels required, further reducing California’s carbon footprint;
- At this scale, solar thermal with storage will be competitive with natural gas power plants, and just as reliable during peak periods;
- And it will power over a million California homes.
- The project will also provide an enormous opportunity for U.S. content. Using SolarReserve’s Crescent Dunes project as an example, equipment and services were purchased across 26 states.
- More than $5 billion of capital investment
- More than $100 million per year paid in salaries and operating costs
- Over $600 million in total tax revenues through the first 20 years of operation – supporting local municipalities, school systems, and police and fire departments
- 3,000 construction jobs for 7 years of construction
- More than 10,000 direct, indirect and induced jobs across the U.S.
- 250 long-term, high-value operational jobs on site for 30 years or more