Energy security

Energy Storage “Revolutionizes” Solar Technology & Beats Natural Gas, Says Abengoa (CT Exclusive Interview)

Concentrating solar power technology has had its doubters, but throw in a big dose of energy storage and now you’re cooking with gas, so to speak. That’s our takeaway from a phone call we had last week with Fred Redell, Managing Director of global solar giant and concentrating solar specialist Abengoa.

The conversation was timely because just yesterday the Energy Department announced a new $102 million round of funding for solar projects, a gigantic slice of which is going to ramp up concentrating solar power (CSP) tech to next-generation status, and it just so happensAbengoa is one of the CSP awardees.