Concentrating Solar Power Funding Opportunity Announcement

May 29, 2007

The U.S. Department of Energy’s Solar Energy Technologies Program released a Funding Opportunity Announcement (FOA) for companies to develop storage solutions, manufacturing approaches, and new system concepts for large-scale concentrating solar power (CSP) plants. CSP technologies are one of the most attractive renewable energy options for large-scale power generation in the U.S. Southwest, which is home to 15 of the 20 fastest-growing metro areas in the country.  The collaborative public-private partnerships established herein will work to reduce the nominal levelized cost of energy (LCOE) of CSP power plants from 13-17 ¢/kWh in 2007 to a target of 7-10¢/kWh by 2015 and 5-7¢/kWh by 2020. DOE estimates that satisfaction of these cost targets could lead to installation of 16,000 to 35,000 MW of new generating capacity by 2030.  This would result in a savings of 36-80 million tons of CO2 emitted to the atmosphere each year relative to coal plants of similar capacity. To view this entire Progress Alert