World’s Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation
- All Three Units of 392 megawatt Ivanpah Solar Electric Generating
System Now Delivering Solar Power to California’s Electric Grid -
NIPTON, Calif.--(BUSINESS WIRE)--Feb. 13, 2014--
Energy, Inc. (NYSE:NRG), through its wholly owned subsidiary NRG
Solar, LLC, today announced that the Ivanpah
Solar Electric Generating System is now
operational and delivering solar electricity to California customers. At
full capacity, the facility’s trio of 450-foot high towers produces a
gross total of 392 megawatts (MW) of solar power, enough electricity to
provide 140,000 California homes with clean energy and avoid 400,000
metric tons of carbon dioxide per year, equal to removing 72,000
vehicles off the road.
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, Google, and BrightSource Energy.
Bechtel is the engineering, procurement, and construction contractor on
the project. The project received a $1.6 billion loan guarantee from the
US Department of Energy’s Loan Programs Office. The facility achieved
commercial operation on December 31, 2013. NRG will be the plant’s
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 October 2010, the project has created thousands of
jobs and, at the peak of construction, employed nearly 3,000 site
workers who completed more than 8.35 million man-hours. A total of
approximately $650 million in salaries for construction and operations
is expected to be paid over the next 30 years.
“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 Tom Doyle, president, NRG Solar. “We see Ivanpah changing the
energy landscape by proving that utility-scale solar is not only
possible, but incredibly beneficial to both the economy and in how we
produce and consume energy. Whether it’s partnering, developing or
investing, NRG will continue to provide a diverse set of solutions and
technologies to get the U.S. to the ultimate goal of providing
affordable, reliable clean energy for everyone.”
“Achieving commercial operation is a result of a well-coordinated effort
between the Ivanpah project affiliates and Bechtel,” said Toby Seay,
president of Bechtel’s power global business unit. “Consistent teamwork
with a focus on safety and quality is key to executing a project of this
size and complexity. It was a privilege to be a part of an iconic
project that will bring clean, sustainable power to tens of thousands of
households for years to come.”
The solar energy harnessed from Ivanpah’s Units 1 and 3 are being sold
to Pacific Gas & Electric under two long-term power purchase agreements,
while the electricity from Unit 2 is being sold to Southern California
Edison under a similar contract.
"Congratulations to the Ivanpah team for achieving commercial
operation," said Rick Needham, Google's director of energy and
sustainability. "At Google we invest in innovative renewable energy
projects that have the potential to transform the energy landscape and
help provide more clean power to businesses and homes around the world.
Ivanpah is a shining example of such a project and we're delighted to be
a part of it."
“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 David Ramm,
chairman and CEO of BrightSource Energy. “This is a great kickoff to
2014, as BrightSource focuses increasingly on international markets and
applications for our solar steam technology.”
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, NRG Yield, Inc. (NYSE:NYLD).
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, Green Mountain Energy, Energy Plus and NRG Residential
Solutions – serve millions of residential and commercial customers
throughout the country. More information is available at www.nrgenergy.com.
Connect with NRG Energy on Facebook
and follow us on Twitter @nrgenergy.
NRG, through its subsidiaries including NRG Solar LLC, has more than
2,000 MW of photovoltaic and solar thermal projects in operation, under
construction or in development across the southwestern United States.
More information is available at www.nrgsolar.com.
About BrightSource Energy, Inc.
BrightSource Energy, Inc. provides the world’s premier solar field
technology for concentrating solar power systems to deliver reliable
clean energy to utilities and industrial companies. For more information
on BrightSource Energy please visit www.BrightSourceEnergy.com.
About Google Inc.
Google is a global technology leader focused on improving the ways
people connect with information. Google’s innovations in web search and
advertising have made its website a top internet property and its brand
one of the most recognized in the world.
Bechtel is among the most respected engineering, project management, and
construction companies in the world. We stand apart for our ability to
get the job done right—no matter how big, how complex, or how remote.
Bechtel operates through five global business units that specialize in
civil infrastructure; power generation, communications, and
transmission; mining and metals; oil, gas, and chemicals; and government
services. Since its founding in 1898, Bechtel has worked on more than
22,000 projects in 140 countries on all seven continents. Today, our
53,000 colleagues team with customers, partners, and suppliers on
diverse projects in nearly 50 countries. Visit www.bechtel.com.
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 Securities and Exchange Commission at www.sec.gov.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140212006613/en/
Source: NRG Energy, Inc.
Jeff Holland, 760-710-3828