This is an excerpt from EERE Network News, a weekly electronic newsletter.
Energy Department Announces $25 Million to Lower Cost of Concentrating Solar Power
The Energy Department on October 1 announced $25 million in funding to advance concentrating solar power (CSP) system technologies. This investment will fund research and development projects to improve the performance and increase the efficiency of all components of CSP plants, ultimately lowering the cost of solar electricity by storing the heat generated by the sun.
CSP generates electric power by using mirrors to focus and concentrate the sun's rays on a receiver from which a heat transfer fluid carries the intense thermal energy to a power block to generate electricity. CSP technology with thermal energy storage can store the sun's intense heat for use when the sun isn't shining. See the Energy Department news release.