SolarReserve Inc., Santa Monica/California (USA) was formed under collaboration between United Technologies Corporation (UTC), a Dow 30 conglomerate, and US Renewables Group, a private equity firm focused exclusively on renewable energy. SolarReserve holds the exclusive worldwide license to build state-of-the-art Concentrated Solar Power plants that use equipment manufactured by UTC?s subsidiary, Hamilton Sundstrand Rocketdyne.
SolarReserve is developing power plants which generate electricity from solar power that is captured, stored and delivered 24 hours a day. The facilities utilize molten salt to power steam-driven turbines that generate fully dispatchable electricity.
Good Energies has been invested since September 2008.