KIRKLAND, USA: LadyBug Resource Group announced that its subsidiary, New Solar Electricity Corp., is nearing completion of Phase One in the development of its novel solar concentrator called "Solar Tracer."
Solar Tracer will use concentrating solar power technology to capture energy from the sun and transfer it in the form of heat to run steam turbine generators. The company believes that its Solar Tracer will exceed the performance of the current generation of linear concentrator systems.
Phase One in the development of Solar Tracer is to identify a low-cost, high reflectivity surface material to be used on the concentrator unit. Phase One consists of testing multiple surface types and materials and determining their reflectivity.
The majority of current linear concentration systems use steel board and glass mirror/plastic mirror sheet for their reflective surface. These materials are expensive and constitute nearly half the cost of building a concentrated solar power field.
Christian Tedrow, president of New Solar, said: "We are very excited to be nearing completion of Phase One of Solar Tracer's development. Identifying a low-cost, high reflectivity surface material for Solar Tracer is vital to achieve New Solar's goals of producing solar power at lower costs."
Tedrow concluded: "It is New Solar's goal to reduce the cost per watt of solar electricity for consumers. To do this depends on the efficiency, the total system cost, and maintenance cost of the concentrator. We believe 'Solar Tracer' will have an impact on all three of these factors."