SolarReserve is currently developing the Rice Solar Energy Project on private land near Blythe, CA. The project has a 25-year power purchase agreement with Pacific Gas and Electric Company (PG&E).
- 150 MW solar thermal power project utilizing the advanced molten salt system technology from Pratt & Whitney Rocketdyne.
- When completed, the facility will supply approximately 450,000 megawatt hours annually, enough to power up to 68,000 homes during peak electricity periods.
- The California Energy Commission approved the project in December 2010, just 14 months after the proposal was submitted.
- Scheduled construction release, 2Q 2012.
Rice Solar Energy Project
The Rice Solar Energy Project is a solar power project proposed to be located in a remote region of eastern Riverside County, CA. This site is previously disturbed and is on private land. The project will utilize SolarReserve’s innovative concentrating solar power technology with storage, and have the capability to produce a nominal 150 megawatts (MW) of energy.
The project will help meet the increasing demand for clean, renewable electrical energy in the US and help reduce reliance on fossil fuels and associated greenhouse gas emissions. Furthermore, the Rice solar plant will help meet the state’s Executive Order S-14-08, which is a goal to increase California’s Renewable Portfolio Standards to 33 percent of its electricity coming from renewable sources by 2020.
Key Project Benefits:
- Advances U.S. clean energy technology with the most advanced energy storage project providing clean energy, day or night.
- The energy storage inherent in the technology provides a stable and flexible electricity product to better meet California’s peak demand profile and improve grid reliability.
- Help meet growing demand for clean, renewable energy sources.
- Incorporate energy storage, which provides operating stability for the electricity grid and a cost-effective way to meet California’s peak electricity demand profile.
- Boost the local economy by creating up to 670 construction jobs and up to 50 permanent operating jobs, and also significant property tax revenues that will benefit the local community and region.
SolarReserve’s construction of the Project will create a substantial number of long-term construction jobs and will establish many full-time and secondary jobs in the region and will bring additional tax revenue as well as secondary/induced economic activity to the region.
|Development and construction||670 jobs skilled and semi-skilled labor|
|Operations phase||45 full-time, permanent jobs|
|Pratt & Whitney Rocketdyne||120 to 130 engineering/technical positions retained|
|SolarReserve||35 management and engineering jobs|
|Indirectly induced1||5,300 indirectly induced jobs in the supply chain including manufacturing, value-added services and transport of the equipment|
Domestic Economic Impacts:
Tax Revenues: Project forecasted to generate $48 million in total tax revenues over the first ten years of operation.
Capital Investment: Project will generate in excess of $750 million private capital cost investment in California.
Reliable, Non-Variable Power Generation
Not only is the sun an unlimited fuel source, but it also provides the cleanest form of energy available at any scale. The Rice Solar Energy Project utilizes energy storage, which provides operating stability for the electricity grid and a cost-effective way to meet California’s peak electricity demand profile.
Clean and Secure Domestic Energy
The Rice Solar Solar Energy Project will reduce the nation’s reliance on fossil energy supplies, producing enough solar energy in one year equivalent to about one-fourth of the total output of Hoover Dam. The project uses a hybrid cooling power system so that water use is at a strict minimum in this important desert ecosystem. Solar-only energy avoids greenhouse gas emissions produced by a mid-sized fossil-fueled power plant.
Learn more about the Rice Solar Energy Project: www.ricesolarenergy.com