SolarReserve is a leading global developer, owner and operator of utility-scale solar power projects, with more than $1.8 billion of projects in operation worldwide. The company has commercialised its proprietary ThermaVault™ advanced solar thermal technology with integrated molten salt energy storage that delivers renewable energy that is dispatchable 24/7. The technology is now one of the world’s leading energy storage technologies, and allows solar energy to operate like traditional fossil-fired and nuclear electricity generation – except the fuel is the sun which means zero emissions, zero hazardous waste, and zero dependence on fuel price volatility.
Since the company's formation in early 2008, SolarReserve's experienced team has assembled a pipeline of over 13 gigawatts across the world's most attractive, high growth renewable energy markets. SolarReserve is headquartered in the U.S., and maintains a global presence with seven international offices to support widespread project development activities across more than 20 countries. The company currently has a field office at 45 Commercial Road, Port Augusta, and have opened its permanent Australian headquarters in South Australia, located at 26 Flinders Street, Adelaide.
SolarReserve, a bright future
In August 2017, SolarReserve signed a long-term Generation Project Agreement (GPA) to build a 150 megawatt solar thermal power station with 8 hours of energy storage near the town of Port Augusta, South Australia. Aurora will deliver power into the National Electricity Market (NEM) at high value electricity periods, providing additional capacity, energy security and reliability services, as well as competition into the South Australian market.
Our Aurora project is just the beginning. SolarReserve would like to build 6 projects in South Australia.
SolarReserve’s energy storage technology is an excellent fit for the South Australian electricity system. Aurora will provide much needed capacity and firm energy delivery into the South Australian market to reduce price volatility. We look forward to continuing to work with the South Australian government and stakeholders, including the Port Augusta community where the project is located, to support Federal and State renewable energy targets, stimulate long-term economic development, and create new jobs and businesses.