Investors News Release
View printer-friendly version |
<< Back |
World’s Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation
- All Three Units of 392 megawatt
A view of the Ivanpah Solar Electric Generating System tower 1 and power block from the solar field. Each tower is 459 feet tall, 150 feet taller than the Statue of Liberty. (Photo: Business Wire)
This press release has an accompanying Smart Marketing Page providing further details about the organization, products and services introduced below. You can access the Smart Marketing Page via the following link: http://smp.businesswire.com/pages/worlds-largest-solar-thermal-power-project-ivanpah-achieves-commercial-operation.
Ivanpah is a joint effort between NRG,
Ivanpah, which accounts for nearly 30 percent of all solar thermal
energy currently operational in the US, is the largest solar project of
its kind in the world. The project is the first to use BrightSource’s
innovative solar power tower technology to produce electricity, which
includes 173,500 heliostats that follow the sun’s trajectory, solar
field integration software and a solar receiver steam generator. Since
breaking ground in
“Cleantech innovations such as Ivanpah are critical to establishing
America’s leadership in large-scale, clean-energy technology that will
keep our economy globally competitive over the next several decades,”
said
“Achieving commercial operation is a result of a well-coordinated effort
between the Ivanpah project affiliates and Bechtel,” said
The solar energy harnessed from Ivanpah’s Units 1 and 3 are being sold
to
"Congratulations to the Ivanpah team for achieving commercial
operation," said
“This is an exciting culmination of many years of hard work by all of
our partners at Ivanpah. The completion of this world-class project is a
watershed moment for solar thermal energy. With all three units now
delivering power to our customers’ specifications, BrightSource has
demonstrated its solar power technology at scale,” said
The Ivanpah Solar Electric Generating System is the largest of 11
operational utility-scale solar facilities in three states in which NRG
has ownership interest. Ivanpah is also one of several NRG assets that
are subject to a Right of First Offer Agreement between NRG and its
publicly owned subsidiary,
About NRG and NRG Solar
NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the
strength of the nation’s largest and most diverse competitive power
portfolio. A Fortune 500 company, we create value through reliable and
efficient conventional generation while driving innovation in solar and
renewable power, electric vehicle ecosystems, carbon capture technology
and customer-centric energy solutions. Our retail electricity providers
– Reliant,
NRG, through its subsidiaries including
About
About
About
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the Company’s Ivanpah solar project and
forward-looking statements typically can be identified by the use of
words such as “will,” “expect,” “believe,” and similar terms. Although
NRG believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the volatility
of energy and fuel prices, failure of customers to perform under
contracts, changes in the wholesale power markets, changes in government
regulation of markets and of environmental emissions, and our ability to
achieve the expected benefits and timing of our solar projects. NRG
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included in this news release should be
considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140212006613/en/
Source:
NRG
Media:
Jeff Holland, 760-710-3828
or
Investors:
Chad
Plotkin, 609-524-4526