4 New Wall Street Forecasts: #4 - ‘Dramatic’ Tech Gains to Drive ‘Exponential Growth’ in Utility-Scale Solar Power
Submitted by EnergyTechStocks.com
As the economic and environmental costs of traditional power generation rapidly increase, and as so-called concentrated solar power (CSP) technology “dramatically” improves, a CSP-dominant utility-scale solar power industry will emerge in the coming years, according to Merriman Curhan Ford, the investment banking firm.
CSP is technology that uses mirrors to concentrate sunlight in order to provide a better heat source for turning water into steam. The steam is then used to run the turbines of a power plant, producing large amounts of “clean” electricity.
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