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Crescent Dunes Solar Energy Project
The Crescent Dunes Solar Energy Project is a solar thermal power project with an installed capacity of 110 megawatt (MW) and 1.1 gigawatt-hours of energy storage located near Tonopah, about northwest of Las Vegas. Crescent Dunes is the first commercial concentrated solar power (CSP) plant with a central receiver tower and advanced molten salt energy storage technology, following the experimental Solar Two. Startup energy venture company SolarReserve, created via seed funding US Renewables Group and United Technologies, was the original owner of Tonopah Solar Energy LLC, the owner and operator of the Crescent Dunes plant. The Crescent Dunes project was subsequently backed by a $737 million in U.S. government loan guarantees and by Tonopah partnering with Cobra Thermosolar Plants, Inc. The overall venture had a projected cost of less than $1 billion. The plant suffered several design, construction and technical problems and, having not produced power since April 2019, its ...
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Tonopah, Nevada
Tonopah ( , Shoshoni language: Tonampaa) is an unincorporated town in, and the county seat of, Nye County, Nevada, United States. It is located at the junction of U.S. Routes 6 and 95, approximately midway between Las Vegas and Reno. In the 2010 census, the population was 2,478. The census-designated place (CDP) of Tonopah has a total area of , all land. History The American community began circa 1900 with the discovery of silver-rich ore by prospector Jim Butler. The legendary tale of discovery says that he went looking for a burro that had wandered off during the night and sought shelter near a rock outcropping. When Butler discovered the animal the next morning, he picked up a rock to throw at it in frustration, noticing that the rock was unusually heavy. He had stumbled upon the second-richest silver strike in Nevada history. Men of wealth and power entered the region to consolidate the mines and reinvest their profits into the infrastructure of the town of Tonopah. Geo ...
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Loan Guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Private loan guarantees There are two main types: # Guarantor mortgages # Unsecured guarantor loan Guarantor mortgages Popular with young borrowers who do not have a large deposit saved and need to borrow up to 100% of the property value to purchase a property. Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default. There are three main types # Guarantor Mortgage – generally, a parent or close family member will guarantee the mortgage debt and will cover the repayment obligations should the borrower default. # Family offset mortgage – typically, a parent or grandparent will put their savings into an account linked to the borrower’s mortgage. They do not get any intere ...
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Edwardsport Power Station
Edwardsport Power Station is a 618  MW Integrated gasification combined cycle (IGCC) coal based power plant in Vigo Township, Knox County, near the town of Edwardsport, Indiana. The integrated gasification combined cycle power plant (Edwardsport IGCC) construction started in June 2008 by Duke Energy near the site of an older 160 MW coal-fired electrical power plant, which was decommissioned in 2010. Edwardsport IGCC began commercial operations in June 2013. Older units First development was in 1918, followed by Units 2, 3 and 4, rated at 42.5, 42.5 and 75 MW respectively, were placed into service in 1944, 1949 and 1951. The smaller, older units were retired when the new 618-MW plant came online. The old Edwardsport plant was officially taken offline in late 2011, and deconstruction began in mid-2010. The old Edwardsport plant was demolished in late October 2012. IGCC units In 2007, Duke Energy Indiana began construction of a 618 megawatt (MW) integrated gasificati ...
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Project Commissioning
Project commissioning is the process of assuring that all systems and components of a building or industrial plant are designed, installed, tested, operated, and maintained according to the operational requirements of the owner or final client. A commissioning process may be applied not only to new projects but also to existing units and systems subject to expansion, renovation or Maintenance, repair, and operations, revamping. In practice, the commissioning process is the integrated application of a set of engineering techniques and procedures to check, inspect and test every operational component of the project: from individual functions (such as measuring instrument, instruments and equipment) up to complex amalgamations (such as Modular design, modules, subsystems and systems). Commissioning activities in the broader sense are applicable to all phases of the project from the basic and detailed design, procurement, construction and manufacturing, assembly until the final ha ...
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Energy Information Administration
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. EIA programs cover data on coal, petroleum, natural gas, electric, renewable and nuclear energy. EIA is part of the U.S. Department of Energy. Background The Department of Energy Organization Act of 1977 established EIA as the primary federal government authority on energy statistics and analysis, building upon systems and organizations first established in 1974 following the oil market disruption of 1973. EIA conducts a comprehensive data collection program that covers the full spectrum of energy sources, end uses, and energy flows; generates short- and long-term domestic and international energy projections; and performs informative energy analyses. ...
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Solar Power Tower
A solar power tower, also known as 'central tower' power plant or 'heliostat' power plant, is a type of solar furnace using a tower to receive focused sunlight. It uses an array of flat, movable mirrors (called heliostats) to focus the sun's rays upon a collector tower (the target). Concentrating Solar Power (CSP) systems are seen as one viable solution for renewable, pollution-free energy. Early designs used these focused rays to heat water, and used the resulting steam to power a turbine. Newer designs using liquid sodium have been demonstrated, and systems using molten salts (40% potassium nitrate, 60% sodium nitrate) as the working fluids are now in operation. These working fluids have high heat capacity, which can be used to store the energy before using it to boil water to drive turbines. These designs also allow power to be generated when the sun is not shining. Cost In 2021, the US National Renewable Energy Laboratory (NREL) estimated cost of electricity from concent ...
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Heliostat
A heliostat (from ''helios'', the Greek word for ''sun'', and ''stat'', as in stationary) is a device that includes a mirror, usually a plane mirror, which turns so as to keep reflecting sunlight toward a predetermined target, compensating for the sun's apparent motions in the sky. The target may be a physical object, distant from the heliostat, or a direction in space. To do this, the reflective surface of the mirror is kept perpendicular to the bisector of the angle between the directions of the sun and the target as seen from the mirror. In almost every case, the target is stationary relative to the heliostat, so the light is reflected in a fixed direction. According to contemporary sources the heliostata, as it was called at first, was invented by Willem 's Gravesande (1688–1742). Other contenders are Giovanni Alfonso Borelli (1608–1679) and Daniel Gabriel Fahrenheit (1686–1736). A Heliostat designed by George Johnstone Storey is in the Science Museum Group collec ...
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Grupo ACS
ACS, Actividades de Construcción y Servicios, S.A. () is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The company was founded in 1997 through the merger of ''OCP Construcciones, S.A.'' and ''Ginés Navarro Construcciones, S.A.'' The group has a presence in Germany, India, Brazil, Chile, Morocco and Australia. The headquarters are in Madrid and the chairman is Florentino Pérez. Listed on the Bolsa de Madrid, the company's shares form part of the IBEX 35 stock market index. History The company was formed when a team of engineers acquired ''Construcciones Padrós S.A.'', a construction business which had been in financial difficulty, in 1983. The company acquired a majority holding in ''Cobra'', a support services business, and merged with ''OCISA S.A.'' to create ''OCP Construcciones, S.A.'' in 1993; it we ...
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Engineering, Procurement And Construction
Engineering, procurement, and construction (EPC) contracts (a type of turnkey contract) are a form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. Overview Under an EPC contract, a contractor is obliged to deliver a complete facility to a developer who needs only "turn a key" to start operating the facility; hence EPC contracts are sometimes called turnkey construction contracts. In addition to delivering a complete facility, the contractor must deliver that facility for a guaranteed price by a fixed date and it must perform to the specified level. Failure to comply with any requirement will usually result in the contractor incurring monetary liabilities. The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. Various abbreviations used for this type of contract are ' ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Las Vegas Review-Journal
The ''Las Vegas Review-Journal'' is a daily subscription newspaper published in Las Vegas, Nevada, since 1909. It is the largest circulating daily newspaper in Nevada and one of two daily newspapers in the Las Vegas area. The ''Review-Journal'' has a joint operating agreement with The Greenspun Corporation-owned '' Las Vegas Sun'', which runs through 2040. In 2005, the ''Sun'' ceased afternoon publication and began distribution as a section of the ''Review-Journal''. On March 18, 2015, the sale of the newspaper's parent company, Stephens Media LLC, to New Media Investment Group was completed. In December 2015, casino magnate Sheldon Adelson purchased the newspaper for $140 million via News + Media Capital Group LLC. GateHouse Media, a subsidiary of New Media Investment Group, was retained to manage the newspaper. $140 million was considered a steep price amounting to a 69% gain for New Media Investment Group after owning the newspaper for nine months. History The ''Clark County ...
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Kilowatt-hour
A kilowatt-hour (unit symbol: kW⋅h or kW h; commonly written as kWh) is a unit of energy: one kilowatt of power for one hour. In terms of SI derived units with special names, it equals 3.6 megajoules (MJ). Kilowatt-hours are a common billing unit for electrical energy delivered to consumers by electric utilities. Definition The kilowatt-hour is a composite unit of energy equal to one kilowatt (kW) sustained for (multiplied by) one hour. Expressed in the standard unit of energy in the International System of Units (SI), the joule (symbol J), it is equal to 3,600 kilojoules or 3.6 MJ."Half-high dots or spaces are used to express a derived unit formed from two or more other units by multiplication.", Barry N. Taylor. (2001 ed.''The International System of Units.'' (Special publication 330). Gaithersburg, MD: National Institute of Standards and Technology. 20. Unit representations A widely used representation of the kilowatt-hour is "kWh", derived from its compone ...
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