Parsons, TSK sign strategic alliance agreement

PASADENA, USA: Parsons has signed a strategic alliance agreement with TSK, a leading enterprise in the engineering and electrical equipment sector.

Parsons and TSK have created a strategic partnership to provide Concentrated Solar Power (CSP) technology applications in North America and the Middle East. CSP has proven an effective and efficient technology for generating merchant class solar power at levels from 20 to 500 megawatts.

Parsons, an engineering, construction, and technical and management services firm headquartered in Pasadena, California, brings to the partnership the ability to deliver large solar projects from planning and environmental permitting through startup.

TSK is completing two CSP projects in Spain that incorporate thermal storage—storing heat in molten salts, providing for generation of solar-powered energy 24/7. Spain has long been a leader in solar power, driven by long-term support from the Spanish government.

“CSP with thermal storage should find a very large market in the Sunbelt of North America and throughout the Middle East,” said Mike Walsh, Parsons Group President. “The combination of Parsons’ resources and reputation in the market and TSK’s experience and expertise with CSP with thermal storage will provide utilities, power districts, and independent power producers with an elegant option for base load renewable power to meet large-scale renewable power requirements.”

Until recently, the plants have been limited to “peaker” service, since solar could only produce power when the sun is shining. That has now changed; CSP can produce power around the clock and be a base load generator.

Having the ability to produce solar power around the clock is a “game changer” in the rapidly moving solar and renewable power field. Thus, Parsons and TSK look forward to working together on this important undertaking.