NRG Energy
NRG Energy, Inc. has partnered with eSolar to develop solar power plants with a total generation capacity of up to 500 MW at sites within California and across the Southwestern United States. Additionally, NRG has invested approximately $10 million for equity and associated development rights for three projects and a portfolio of power purchase agreements (PPAs) to develop, build, own and operate up to 11 eSolar modular solar generating units at these sites. The development assets will use eSolar's concentrating solar power (CSP) technology to sell renewable electricity under contracted PPAs with local utilities seeking competitively priced, zero-carbon solar power. "This is NRG's first venture into solar power," said Michael Liebelson, NRG Chief Development Officer of Low-carbon Technology. The deal, "signifies a meaningful step forward in NRG's efforts to be a leader in solar development in the United States. By coupling NRG's construction capabilities and regional operating expertise with eSolar's innovative CSP technology, we can advance NRG's renewable energy portfolio while helping to accelerate development of these important projects on a commercial scale."
ACME Group
The ACME Group – a leader in the field of energy, environmental and telecommunications infrastructure solutions in India – has partnered with eSolar as a master licensee of eSolar technology within India. ACME will build, own and operate up to 1 GW of solar thermal plants over the next 10 years using eSolar's modular and scalable design and will work with other companies in India using eSolar technology. Manoj Upadhyay, Chairman and CEO of ACME, remarked, "The eSolar system addresses obstacles that have previously plagued solar installations and presents a viable, cost-effective alternative that can scale quickly to meet India's growing energy needs." ACME has made a $30 million equity investment in eSolar. Bill Gross, CEO of eSolar, commented, "ACME's $30 million commitment demonstrates their confidence in eSolar's technology. We are committed to working with the very best partners, such as ACME, to scale deployment as quickly as possible around the world."
Penglai Electric
Penglai Electric, a privately-owned Chinese electrical power equipment manufacturer,
has partnered with eSolar to build 2 GW of solar thermal power plants in China by 2021.
The deal represents the country's largest CSP project and has a total potential capital investment of more than $5 billion.
Under the master licensing agreement, Penglai Electric will use eSolar's proven solar thermal technology.
The first plant of 92 MW will break ground in 2010. The plants will be co-located with biomass electricity generation facilities,
together eliminating 15 million tons of carbon dioxide emissions annually. "Using the power of the sun, eSolar's technology minimizes
the environmental impact on manufacturing and deployment while maximizing land and cost efficiency," said Liu Guangyu, chairman and CEO of Penglai Electric.
Ferrostaal
Ferrostaal AG, a global power and industrial plant developer, has partnered with eSolar to deploy turnkey solar power plants
in countries including Spain, the United Arab Emirates, and South Africa. Under the partnership,
eSolar will provide solar field and receiver technology, while Ferrostaal will supply the power block,
act as general contractor, and manage financing activities.
Joachim Ludwig, Board Member at Ferrostaal, remarked, "The approach of eSolar with its ambitious cost and quality benchmarks is an ideal complement to the engineering and contracting skills of Ferrostaal. We are delighted to expand our solar energy portfolio with eSolar's proven technology."
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