03 December 2013

SolarReserve Opens Office in Perth, Australia

Santa Monica, Calif. - 03 December 2013 – SolarReserve today announced the company's international expansion into Australia through the opening of its office in Perth. Continuing its ongoing efforts to provide reliable, cost-effective, clean energy solutions worldwide, SolarReserve is pursuing both large-scale concentrating solar power (CSP) and photovoltaic (PV) projects, with an emphasis towards opportunities in the off-grid mining sector.

"In Australia, the best solar resources are commonly found in remote areas where mines operate, presenting the off-grid mining sector with a substantial opportunity to offset the high price of electricity generation in these remote locations with a solar energy alternative. In Western Australia alone, there are more than 1,000 operating mines—many of which are powered by high-priced diesel fuel," said SolarReserve's CEO Kevin Smith. "SolarReserve's world-leading solar thermal technology with integrated molten salt storage offers a cost-effective, reliable and most importantly, a baseload supply of electricity that is critical to mining operations."

SolarReserve has expanded its global team with the hire of Daniel Thompson as director of development for Australia. He will be based in the Perth office and will lead SolarReserve's development activities for the region. Thompson has more than 10 years of energy sector experience in power generation and renewable energy project development in Australia. He previously held management positions at Verve Energy and Western Power Corporation.

SolarReserve, LLC – headquartered in Santa Monica, California – is a leading developer of large-scale solar energy projects and technology with activities worldwide and more than $1.8 billion of projects in construction. In addition to its headquarters in the US, SolarReserve has offices in Spain, Chile, South Africa, Turkey, Australia and the UK, with activities underway in the Middle East, Africa, Australia, China, and Latin America.

Source: SolarReserve