Alstom and BrightSource Energy today announced a business partnership agreement to provide solar thermal power plants in particular in the Mediterranean ring and Africa.

Advertisement

(OAKLAND, CA)

The agreement brings together Alstom’s extensive experience in the field of turnkey power plants and key power equipment (such as steam turbines) with BrightSource’s LPT solar thermal technology. The agreement follows Alstom’s $55 million investment in BrightSource Energy in May this year.

Philippe Joubert, President of Alstom Power, said: “This partnership is a further step in Alstom’s commitment to solar thermal power, alongside its strong renewable power portfolio in hydro and wind power.” John Woolard, CEO of BrightSource Energy, remarked, “Today’s agreements reflect the growing global demand for highly efficient, reliable and environmentally-responsible solar power plants. With decades of experience building power plants in these regions, Alstom is an ideal partner as we expand into these markets.” BrightSource Energy’s proven LPT technology produces electricity the same way as fossil fuel power plants – by creating high temperature steam to turn a conventional turbine. However, instead of using fossil fuel sources, the company uses thousands of small mirrors called heliostats to directly reflect sunlight onto a boiler at the top of a tower to produce the high temperature steam. Once the electricity is created, the steam is air-cooled and piped back into the system in a closed-loop, environmentally friendly process. The result is carbon-free power, but with many of the reliability characteristics found in traditional power plants.

Mark Coxon, Alstom Power’s Senior Vice President Finance, commented: “This is the next step in Alstom and BrightSource’s relationship. Alstom’s plant integration experience and state-of-the-art power generation equipment in combination with BrightSource’s solar field and tower based technology will allow us to develop fully integrated solar power plants tailored to specific customer requirements.” Mark Coxon has recently joined the Board of Directors of BrightSource Energy.

###

About BrightSource Energy, Inc.

BrightSource Energy, Inc. provides clean, reliable and low cost solar energy for utility and industrial companies worldwide. The BrightSource Energy team combines nearly three decades of experience designing, building and operating the world’s largest solar energy plants with world-class project development capabilities. The company now has contracted to sell 2610 megawatts of power to be generated using its proprietary solar thermal technology. BrightSource Energy’s solar plants are designed to minimize their impact on the environment and help customers reduce their dependence on fossil fuels. Headquartered in Oakland, Calif., BrightSource Energy is a privately held company with operations in the United States, Israel, and Australia. To learn more about BrightSource Energy and solar thermal energy, visit www.brightsourceenergy.com.

About Alstom

Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 96,500 people in more than 70 countries, and had sales of over € 23 billion* in 2009/10.

*Pro forma figures

Announcement from our Chairman, David C BarclayThe World Renewable Energy Association are delighted to announce the launch of a brand-new initiative exclusively for its members. The Renewable Energy Finance Hub has been launched following the largest survey undertaken with UK businesses conducted by WoREA in conjunction with the UK Government and its partners. Reduce your businesses carbon footprint today and begin your journey towards net zero!