Project (SOLIS POWER: 24/7 Solar Electricity System)

Solis Power, LLC has the most efficient and powerful Concentrating Solar Power (CSP) system in the world.Solis Power provides industrial heat temperatures exceeding 1200C, solar-to-electricity conversation 35%-45%, 24/7 electricity production, and requires 30% of land requirements of Solar PV systems.

Technology and Product Features:

• A patented technology and system with 2 US patents granted and worldwide filing.
• US 9,772,121Method and apparatus for tracking and concentrating electromagnetic waves coming from a moving source to a fixed focal point10,436,182System for collecting radiant energy with a non-imaging solar concentrator
• Modular CSP system: 5MW to 500 MW or larger
• Works with Steam Turbine Generators (Rankine Cycle) or sCO2 Brayton Cycle systems
• Thermal Energy storage system allows for 24/y electricity production
• 30+ years of operational life.

Importance:

• Highest Solar-to-Electricity Conversion: 35%-45%
• Highest Temperatures: In excess of 1200C
• Cost competitive
• Meets U.S. Department of Energy Solar Sunshot 2030 goals for CSP systems.
• Low land requirement. 30% equivalent Solar PV+battery systems

Question

Discuss Risk Analysis and mitigation strategies for each identified sources of risk of Solis Power?