New Projects, Renewables, Solar

Abengoa, NREL to develop new solar-thermal storage technology

U.S. Department of Energy (DOE) has selected Abengoa, the National Renewable Energy Laboratory (NREL) and the Colorado School of Mines (CSM), to develop new solar storage technology for thermo-electric plants.

The DOE will provide $1.7 million for the investment and is part of the SunShot Initiative.

Abengoa will lead the integration work and the technical-financial analysis, focusing on the commercial potential of this technology in future solar plant projects.

The program is expected to last for two years.