May 04, 2016
On Earth Day, when China and the United States signed the Paris Climate Agreement, 247Solar Inc. and China’s Shenzhen Enesoon Science and Technology Co. announced the formation of a Joint Venture (JV) to commercialize a revolutionary new approach to a solar technology that can produce electricity 24/7. Over the next five years, the JV intends to build 1000 megawatts of the 247Solar Plant™ in China.
The 247Solar Plants are capable of generating power 24/7 every hour of the year regardless of whether the sun is shining, just like conventional coal and nuclear power plants. The Plants achieve non-stop power generation by storing the sun’s heat in a large insulated vessel filled with low cost firebrick for use at night. When storage is depleted, small amounts of fuel can be burned to maintain output. Such storage systems are a fraction of the cost of batteries.
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247Solar Inc. was formed in 2015 to commercialize the 247Solar Plant, invented by Wilson Solarpower. Wilson Solarpower and China’s Shenzhen Enesoon Science and Technology Co. became a U.S. – China EcoPartnership in 2015. For more information on this EcoPartnership, please click here.