Large Scale 24/7 Solar Power Plant To Be Built in Nevada

Posted by Roblimo on Tuesday May 24, 2011 @02:22AM from the let-the-sun-shine-in dept.

RayTomes writes "The Obama administration has provided a loan guarantee of $737 million to construct the first large-scale solar power plant that stores energy and provides electricity 24 hours a day, 7 days a week." This solar power project, a heliostat rather than a photovoltaic system, with a molten salt system to store power as heat for times when the sun isn't shining, will be constructed in Nevada and, says the article, is expected to create "600 construction jobs and 45 permanent positions."

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The proper role of government by omems · 2011-05-24 02:51 · Score: 5, Interesting

I 'm not certain about the numbers involved, but I'm happy to see the government doing what I believe it should: promoting things that are good for us that we wouldn't otherwise get. By that I mean buffering the long-term payoff on things that cost too much for the market to provide now.