eSolar, a developer of modular concentrating solar power technology, says that in addition to its licensing agreement with GE Energy, GE has closed a new strategic investment in the company.
As part of the deal, Paul Browning, president and CEO of thermal products for GE Energy, will join the eSolar board of directors.
Through a licensing agreement, GE was granted exclusive worldwide rights to eSolar's modular technology for integrated solar combined-cycle plants, excluding China and India. Together the two companies are targeting Europe, Africa, the Middle East and the U.S., and are working on a 530 MW project in Turkey with Turkish investor and power project developer MetCap Energy.
This project will feature 50 MW of eSolar concentrated solar power tower technology integrated with GE's new FlexEfficiency 50 Combined Cycle Power Plant.Â
