Cool Energy CEO and President, Sam Weaver, says, “We are pleased to have Xcel Energy’s interest in and support for the SolarFlow System pilot. Having such features as thermal storage and smart grid-compatible control of the energy produced, a significant scale deployment of the system has the potential for improving a utility’s overall operational efficiency. The system will not only provide substantial financial relief for homeowners, but also offset the need for utilities to add more generation facilities that are particularly costly during peak consumption periods.”

Dennis Stephens, Xcel’s director of smart grid investments says the utility “is pleased to be involved in the benefits evaluation of Cool Energy’s innovative solar thermal system. The energy industry is particularly interested in the potential to provide dispatchable power on demand at times when energy consumption is high. Cool Energy is developing innovative solutions for the energy challenges our nation is facing, including new technologies for providing power with minimal environmental impact.”

Cool Energy develops clean energy technology, such as the SolarHeart Engine, which the company describes as “”a low temperature Stirling engine for conversion of solar thermal energy and waste heat to electricity.”

More information is available at www.coolenergyinc.com