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WORLD’S LARGEST SOLAR + STORAGE INFRASTRUCTURE PROJECT


WITH 2 GIGAWATTS OF POWER, THE SANDSTONE PROJECT IS THE SAME SCALE AS THE HOOVER DAM.

This significant infrastructure project will create 40,000 direct, indirect and induced jobs across America.

Billions of dollars of equipment and materials will be U.S. manufactured.

◄ SolarReserve’s Crescent Dunes project in Nevada, currently in commercial operation, is 110 MW with 10 hours of full-load storage in molten salt, which results in 1,100 MWh of energy storage. The molten salt storage technology has no degradation or replacement costs for the life of the project (30-40 years or longer).

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7 MILLION MEGAWATT-HOURS ANNUALLY; NON-INTERMITTENT SOLAR POWER, AVAILABLE 24/7 The Sandstone project will be a solar complex with up to ten solar thermal towers, using the next generation of SolarReserve’s 24/7 ThermaVault™ solar technology. The facility will deliver in total 2,000 megawatts of power capacity, 20,000 megawatt-hours of energy storage capability, and 7,000,000 megawatt-hours of annual output – generating when energy is most valuable, reducing cost and risk for electricity rate payers.

LOCATION

NEVADA

SIZE

2,000 MEGAWATTS

10 HRs

STORAGE

▲ The Sandstone project will be a fully dispatchable solar energy complex using the next generation of SolarReserve’s proprietary ThermaVault energy collection and storage technology.

20,000 MEGAWATT-HOURS OF ENERGY STORAGE

SOLAR THERMAL WITH ENERGY STORAGE REDUCES THE NEED FOR EXPENSIVE BATTERIES OR GAS PEAKER PLANTS Solar Photovolatic (PV) To Battery Storage From Battery Storage Gas Plants

Demand

Solar Thermal with Energy Storage

Demand

Power

Power

Peaking high capacity

Baseload solar 24-hours a day

0:00

12 Noon

24:00

▲ Solar PV alone is able to serve daytime load, often over-generating during the middle of the day. Even if excess generation is captured by batteries, costs will limit the ability to serve 24-hour demands.

0:00

12 Noon

24:00

▲ SolarReserve’s technology can address the entire range of grid demands with solar that delivers 24-hour baseload power as well as meets peak load – providing clean peak and baseload resources for utilities. 2


BENEFITS FOR THE U.S. ECONOMY BRINGING BACK AMERICAN JOBS TO THE MANUFACTURING SECTOR The project will provide an enormous opportunity for U.S. content: • Equipment and services will be procured nationwide • Over 150 million square feet of glass will be U.S. sourced • Assembly of over 150,000 heliostats (tracking mirror assemblies) will be completed in an on-site manufacturing facility that employs local workers • Over a million cubic yards of concrete required for the project will be provided by local concrete suppliers • Over 20,000 tons of structural steel will be U.S. sourced as will most of the piping, cabling, and valves • The molten salt receivers will be manufactured in a high-tech facility in the U.S.

JOB GROWTH Such an immense infrastructure project would be a boon to the U.S. economy: • 3,000 construction jobs for the 7-year, multi-phase project • Approximately 40,000 direct, indirect, and induced jobs across America • More than $5 billion of capital investment, without the need for any special subsidies • 350 permanent, high-value operational jobs on site for 30 years or more • More than $100 million per year paid in salaries and operating costs • Over $600 million in total tax revenues through the first 20 years of operation — supporting local municipalities, school systems, and police and fire departments

RELIABLE, AFFORDABLE, RENEWABLE POWER

3,000

CONSTRUCTION JOBS

At this scale, solar thermal plants with energy storage are competitive with natural gas power plants, and just as reliable during peak periods. The technology’s storage ability enables Sandstone to offer dispatchability, reliable capacity, ancillary services, and wholesale price stability similar to traditional fossil-fired power stations, but from a clean, renewable, and infinite energy resource for the facility’s 40+ year life.

40,000

DIRECT, INDIRECT, AND INDUCED JOBS

The fully dispatchable energy generation plus energy storage: • Is competitive on pricing against the market, without the need for any special subsidies • Is less expensive than solar PV plus batteries • Is less expensive than solar PV plus natural gas peaker plants

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350

PERMANENT OPERATIONS JOBS


AMERICAN INNOVATION: BUILDING INFRASTRUCTURE AND CREATING JOBS ACROSS THE U.S.

STATES ACROSS AMERICA

WILL PROVIDE EQUIPMENT AND SERVICES

150 MILLION

SQ. FEET GLASS

1 MILLION

CU. YDS. CONCRETE

20,000 TONS

STRUCTURAL STEEL

150,000 HELIOSTATS

MANUFACTURED ON-SITE

40 MILLION LBS.

REINFORCING ROD

570,000

FEET OF PIPING

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PROVEN U.S. TECHNOLOGY H

SolarReserve is a U.S. company with dispatchable solar technology that demonstrates American innovation. This proprietary technology has been successfully commercialized at the company’s flagship Crescent Dunes project in Tonopah, Nevada, a 110 megawatt utility-scale solar power plant with 1,100 megawatt hours of fully integrated energy storage.

40+ YRS

STORAGE WITH NO DEGRADATION

Actual Operations Data from SolarReserve’s Crescent Dunes Facility

1,200 1,000

DRY COOLING

500

Solar Resource Energy Generation Energy Collection

400

800

300

600 200

400

100

200 0 12 AM

4 AM

8 AM

12 PM

4 PM

8 PM

Electrical Power Output (MWe)

DNI (W/m2) & Thermal Output (MWt)

Steady Power Delivery Through Evening Hours

12 AM

Time Sunlight (intermittent throughout the day)

SAVES MILLIONS OF GALLONS OF WATER

ZERO EMISSIONS

DOES NOT REQUIRE GAS BACKUP

GENERATION + STORAGE

TECHNOLOGY PROVIDES BOTH POWER AND STORAGE

Energy collection in molten salt Steady electrical power delivery to the grid

AMERICAN INNOVATION

Dispatchable, non-intermittent, steady power delivery: Above is an actual graph of a typical day of operation at SolarReserve’s Crescent Dunes facility in Nevada.

TECHNOLOGY DEVELOPED & MADE IN THE USA

• The yellow is sunshine, the blue is the sun’s thermal energy that is collected (in molten salt) and the green is power delivery. • The power is a steady line, which extends past sunset. Even on a very cloudy day, where sunlight is intermittent, the power delivery curve looks the same: steady power delivered to the grid during peak demand periods which extend into the evening hours. No need to fire up peaker plants. Baseload solar plants such as Crescent Dunes can shift their steady power delivery around, and be dispatched as the utility requires – including support for 24-hour operations.

40+ YRS

NO FUEL COST

24/7

DISPATCHABILITY 5


HOW IT WORKS

Electricity Day and Night

3 Receiver

Turbine / Generator

4

1

Hot Salt Tank

Steam Generation

Air Cooled Condenser

5 Hot Salt 1050 °F (566 °C)

Water

Heliostats (Tracking Mirrors) Cold Salt 550 °F (288 °C)

2 Cold Salt Tank

Renewable Fuel Source

Conventional Steam Power Generation

1. Sunlight is concentrated and directed from a large field of heliostats to a receiver on a tall concrete tower 2. Liquid salt from the cold salt tank is pumped through the receiver where it is heated to 1050 °F (566 °C) 3. The heated salt from the receiver is stored in the hot salt tank 4. H  ot salt is pumped from the hot salt tank through a steam generator to create steam, which drives a steam turbine, generating electricity 5. Condensed steam from the steam turbine is recirculated for reuse

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520 Broadway, 6th Floor Santa Monica, CA 90401 USA +1 310-315-2200 www.solarreserve.com

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Profile for SolarReserve

SolarReserve Sandstone Project  

The Sandstone project will be a solar power plant complex with up to ten solar thermal towers, using the next generation of SolarReserve’s 2...

SolarReserve Sandstone Project  

The Sandstone project will be a solar power plant complex with up to ten solar thermal towers, using the next generation of SolarReserve’s 2...

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