When completed, each facility will supply approximately 450,000MWh annually of clean, reliable electricity – enough to power a total of more than 140,000 homes during peak electricity periods.
The Saguache Solar Energy Project will have the capacity to store about 15 hours of solar energy, providing the ability to generate significantly more electricity than other solar technologies.
SolarReserve CEO Kevin Smith said the project can provide significant environmental and ratepayer benefits to Colorado by diversifying power generation resources from the volatility of conventional fuels, minimizing the use of water for power generation and providing a boost to the local and state economies through the deployment of innovative technologies.
"In addition, the energy storage technology provides a stable supply of renewable electricity to assist in backing up intermittent supply from wind and photovoltaic projects," Smith said.
