When completed in 2024, the “multi-megawatt” solar thermal pilot project will utilize an existing heliostat field at Sandia's National Solar Thermal Test Facility (NSTTF) in Albuquerque, New Mexico, to concentrate sunlight on a gravity-driven particle-based receiver and.
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This reversible pumped-storage power plant will have an installed capacity of 440 MW, allowing reversible energy storage of 16 million kWh, equivalent to the average daily consumption of more than 4 million people, and providing a firmness to the electricity system of up to 37.
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This ambitious endeavor transforms a standard 20-foot shipping container into a high-capacity, modular, and off-grid power system capable of supporting diverse energy needs.
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The Toolbox for Renewable Energy Project Development's Understanding Third-Party Ownership Financing Structures for Renewable Energy page provides an overview of solar financing options, including leases and PPAs, and project development resources.
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