27 Feb '14, 5pm

Terrafore Looks to Cut Molten Salt Energy Storage Costs in Half

Terrafore Looks to Cut Molten Salt Energy Storage Costs in Half

As we have seen in recent months, energy storage is becoming a pretty big deal . California has the country's first energy storage mandate in place, and plants like Solana in Arizona have started trying to incorporate storage in from the beginning. Solana uses molten salt energy storage, a common idea wherein salts are heated, retain that energy for relatively long periods of time, and then discharge it by heating steam to turn a turbine. Solana, a concentrating solar thermal plant, can keep running for six hours after the sun drops below the horizon. Storage like that, though, is still expensive. A company called Terrafore Technologies wants to cut the price almost in half. Terrafore was an exhibitor at the Advanced Research Projects Agency–Energy Summit this week in Washington, D.C., and the company's CEO Anoop Mathur told me he was hoping to raise $5 to $10 million (may...

Full article: http://spectrum.ieee.org/energywise/green-tech/solar/terr...

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