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247Solar Plants are modular, scalable concentrated solar power (CSP) installations. The 247Solar thermal storage system stores solar energy as heat rather than electricity, eliminating the need for expensive batteries and ensuring up to 20 hours availability in the absence of sunlight. 247Solar plants can be located close to mining facilities to minimize voltage drops during peak periods. Proximity to the mine also means that additional equipment such as drills, pumps or transport trucks can benefit from a sustainable power supply, further reducing costs and emissions. In addition, these plants use no water and require little maintenance. This significantly reduces operating costs.
247SolarOVERVIEW: 247Solar, Inc. was formed in 2015 by solar industry pioneer Bruce Anderson to commercialize the 247Solar Plant™, using technology originated at the Massachusetts Institute of Technology (MIT). Bruce began his solar career with his master’s thesis at MIT on the subject of solar energy. In 1985, Bruce became the first recipient of the American Solar Energy Society’s Lifetime Solar Contribution Award. He later served on the National Advisory Board of the Solar Energy Research Institute, now the National Renewable Energy Institute (NREL).  In 2009, Anderson realized that a breakthrough high-efficiency heat exchanger, invented by MIT mechanical engineering professor Dr. David Gordon Wilson, and being developed by the company they formed together, Wilson TurboPower, would enable an entirely new approach to concentrated solar power (CSP) with higher performance and lower cost.  In 2010 the U.S. Department of Energy awarded the company $6 million to further advance the technology, and the engineering of key components began. In 2015, Anderson formed 247Solar and acquired Wilson TurboPower’s solar technology.  In 2018, 247Solar received private investment capital to enable the engineering and construction of its first full-scale 247Solar Plant. The Commercial Demonstrator, under construction at the Company’s Arizona facility, will commence operation in early 2022.  

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