Molten Salt Solar Plant
A Santa Monica-based energy firm known as SolarReserve in association with a rocket maker in Canoga Park is planning to set up a much larger plant in this desert area to power around 100,000 homes. This power plant will consume molten salt, water, sun’s heat and rocket science to generate electricity. SolarReserve have already patented the technology. Engineers from Rocketdyne are instrumental in developing this technology. Terry Murphy who is the president of SolarReserve says, “Molten salt is the secret sauce.” Many technological ideas are being in various state of readiness to be implemented in California. But analysts found molten salt technology as most unusual and at the same time promising idea. Nathaniel Bullard, a solar energy analyst with New Energy Finance in Alexandria, Va, thinks, “It’s actually something we’ll likely see in a few years. It’s moving along in a nice way, and they have good capital behind it.” Last year the company secured $140 million in venture capital.
The biggest advantage of the molten salt is once cooled, it could be reutilized for the same purpose. The molten salt can be stored for days to generate electricity. We know that storage of power is great problem as far as energy generated from alternative sources. We can store power in a battery on a small scale basis such as car or home. But power for such a large scale can’t be stored in batteries. Murphy elaborates on the solution to power storage, “You can put that (molten salt) into a storage tank that would look much like a tank at an oil refinery. We can store that energy almost indefinitely.”
SolarReserve, is providing funds to the venture and doing the marketing of the project. Many environmentalists groups are voicing concern about the amount of water utilized. But SolarReserve officials are sure that the plant would use one-tenth the amount of water required by a conventional plant.
