Setting up of “hybrid” energy centers, an initiative mainly about hybrid technology combining two renewable resources abundant in a particular area, is gaining momentum.
Google has shared a $4.4 trillion energy plan to greatly reduce US use of fossil fuels by 2030 by tapping alternative sources, including solar power.
Abengoa plans to make a bid to participate in a 500 megawatt solar power plant in Abu Dhabi.
According to Reuters, the company intends to do so before the deadline for the same closes in October.
Abengoa Solar has got two R&D contracts to develop new CSP and thermal storage systems from the US Department of Energy. The total worth of these contracts is $14.4 million.
eSolar has launched an operating platform for concentrated solar heat and energy production.
The Andasol 1 solar thermal power plant in Andalucía, Spain, is to soon commence charging the installation built expressly for storing renewable energy.
Ausra has secured $60.6 million in financing as the company plans to accelerate the delivery of its technology to its customers.
The US House of Representatives has passed the revised Emergency Economic Stabilization Act of 2008, which contains measures to extend the solar investment tax credit (ITC) by eight years.
The US House of Representatives has approved legislation to extend billions of dollars in tax credits for renewable energy but the bill faces an uncertain future with opposition in the Senate.
The US Department of Energy (DOE) has announced 15 new projects, for up to approximately $67.6 million, to facilitate the development of lower-cost energy storage for concentrating solar power technology.