(Courtesy Hyperlight Energy) |
The CSP industry produces high quality thermal energy that can be used to generate steam for geothermal power plant operations, enhanced oil recovery (EOR) or other industrial needs.
CSP can be coupled to low cost thermal energy storage, which enables the flexibility to boost plant output when the sun goes down. Hyperlight captures these inherent CSP advantages, but uses the lowest cost materials of construction of any CSP product yet deployed, the company emphasizes.
“CSP is poised for a renaissance. CSP has the potential to provide the best fit for large scale energy storage to support the grid during peak demand, even when the sun goes down,” says John D. H. King, Hyperlight Energy’s CEO.
“With geothermal hybridization paired to thermal energy storage, we can provide increased capacity to existing power generating assets, and with solar EOR, we can help meet low carbon fuel standards in a way no other renewable energy technology can. Hyperlight is coming at just the right time, we’re on track to be the low cost leader in both these markets.”
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