eSolar
has announced that it has closed $130 million in funding from
Google.org, Idealab and Oak Investment Partners, among others. The
thermal power plant manufacturer aims to begin construction and
deployment of pre-fabricated power plants that achieve economies of
scale at 33MW.
The new plan was formulated to address the need for rapid deployment and scalability in the installation of a power plant. eSolar proposes a modular pre-fabricated design to avoid the pitfalls of typical utility-scale plant installations that tend to incur huge construction costs and involve massive tracts of land.
Utilizing computing and algorithmic technology, eSolar plans to use a modular approach to the traditional problems faced in large utility-scale projects, and in the process reduce the company’s carbon footprint by minimizing land requirements and the duration of the construction process.
“eSolar’s primary business goal is nothing short of making solar electricity for less than the price of coal, without subsidies,” said eSolar Chairman and Founder of Idealab Bill Gross. “This is not only attainable, but will truly change the world.”
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
By Síle Mc Mahon
