As remarkable as the rise of solar and wind farms has been over the last 20 years, achieving complete decarbonization is going to require a host of complementary technologies. That’s because renewables offer only intermittent power. They also can’t directly provide the high temperatures necessary for many industrial processes.
Now, 247Solar is building high-temperature concentrated solar power systems that use overnight thermal energy storage to provide round-the-clock power and industrial-grade heat.
The company’s modular systems can be used as standalone microgrids for communities or to provide power in remote places like mines and farms. They can also be used in conjunction with wind and conventional solar farms, giving customers 24/7 power from renewables and allowing them to offset use of the grid.
“One of my motivations for working on this system was trying to solve the problem of intermittency,” 247Solar CEO Bruce Anderson ’69, SM ’73 says. “I just couldn’t see how we could get to zero emissions with solar photovoltaics (PV) and wind. Even with PV, wind, and batteries, we can’t get there, because there’s always bad weather, and current batteries aren’t economical over long periods. You have to have a solution that operates 24 hours a day.”