Bill Gross is nothing if not an enthusiast, making him a great salesman for whatever it is he happens to be selling. Gross is a lifelong entrepreneur, and the CEO of eSolar, a Google-funded startup that designs and develops concentrating solar power (CSP) projects at utility scale
…Through a power purchase agreement with Southern California Edison, the Sierra SunTower plant will supply 5 MW of clean energy to the grid. That’s not a lot, but it’s just the start of big things to come, Gross says.
While Google is eSolar’s best-known investor, two other big backers of the company an Indian energy and telecom firm called the ACME group and Princeton, N.J.-based NRG Energy are ready to step up their commitment to solar thermal, now that they can measure the cost and efficiency of eSolar’s technology under real-world conditions.
Acme, which invested $30 million in eSolar, has agreed to invest another $20 million, Gross told me. ACME has said it plans to build, own and operate up to 1 GW of solar thermal plants over the next 10 years using eSolar’s designs and mirrors. Construction will begin this year.
NRG, meanwhile, plans to start building a 92 MW plant in New Mexico as soon as it wins regulatory approval, Gross says. NRG has agreements with eSolar to develop solar power plants with a total…
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The Lowest Cost Solar Electrons in the History of the World?
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