Joule, Scatec Solar ASA sign MOU for partnership on photovoltaic power
In Massachusetts, Joule and Scatec Solar ASA have signed an MOU to work toward a partnership to support the roll-out of Joule production plants featuring photovoltaic power.
The terms of the MoU anticipate that Scatec Solar ASA will become preferred supplier and operator of photovoltaic power installations for Joule plants, with an initial deployment goal of up to 25,000 acres (~10,000 hectares) and a power requirement of 2 gigawatts. A deployment of this scale would generate up to 625 million gallons (~15 million barrels) of ethanol or 375 million gallons (~9 million barrels) of diesel per year, while consuming about 4 million tonnes of industrial waste CO2 annually in the process.
The use of photovoltaic power for plant operations is expected to reduce Joule’s system-level carbon footprint, netting more than a 90% improvement over conventional fuel production and setting the stage for truly sustainable mobility.
Joule, whose solar fuels were the first in development two years ago when its New Mexico demonstration plant opened, is facing competition from a number of newer technologies. The Digest reported in July about Liquid Light, a method for storing solar energy as a liquid chemical at a standard temperature and pressure.
CEO of Scatec Solar ASA, however, remains confident that Joule’s technology will remain relevant in the years to come:
“We continually seek to leverage our experience and know-how in developing new market applications for solar energy, and a partnership with Joule achieves just that,” said Raymond Carlsen, CEO of Scatec Solar ASA. “This is a first-of-its-kind opportunity to merge the strengths of solar power and solar fuel, and we are excited to be among the first international supporters of this groundbreaking industry-changing production platform.”
Category: Fuels
