Defense conglomerate United Technologies's subsidiary Hamilton Sundstrand and US Renewables Group have agreed to commercialize the concentrated solar power tower technology and the corresponding molten salt storage system developed by Hamilton's Rocketdyne power equipment division 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.
Hamilton Sundstrand said that this renewable technology will enable utility-scale solar power generation and is designed to meet a utility’s needs with a single installation capable of producing up to 500MW of peak power.
David Hess, president of Hamilton Sundstrand, said: We’re convinced that this renewable technology will make a positive impact for future generations, and we’re confident the SolarReserve business structure will expedite our efforts to address this national priority.