The SCHOTT receivers convert energy from the sun into electricity by using concentrated solar radiation from the plant's parabolic mirrors to increase the temperature of the thermo-oil Heat Transfer Fluid (HTF) flowing through the receiver to over 750° F. This heated fluid is then used to turn water into steam, which drives a turbine and generates electricity. Solargenix plans to use 19,300 of SCHOTT's PTR 70 receivers at Nevada Solar One.

Nevada Solar One is expected to begin providing energy to the grid in 2007 and will produce enough electricity to meet the energy demands of about 40,000 households. The use of solar power to produce electricity at the plant, rather than fossil fuels, will result in a reduction of greenhouse gases equivalent to removing approximately one million cars from the nation's highways.

"Solargenix's decision to use SCHOTT's new PTR 70 receivers at the Nevada Solar One power plant strengthens SCHOTT's position as a global leader in the solar receiver market," said Dr. Udo Ungeheuer, Chairman of the SCHOTT Management Board. "We are pleased to contribute a key component to this solar thermal power plant, which will be a shining example to the world of how advanced technologies can be used to generate clean electricity."

Technological Advancements Lower Costs, Improve Efficiency