Solar Energy. Energy Production & Storage. Luz II mission is to
become the world leader in the utilization of bio-solar energy
for the production of high value algae products, electricity and
steam.
Employees: 50
Main Markets:
Natural nutraceutical and Bio fuel markets.
Overview
LUZ II LTD. is a re-start of Luz International Ltd.
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Luz II develops utility-scale solar power plants using a unique,
proprietary technology which converts sunlight to electricity.
Luz II's technology provides relatively low-cost power during
peak demand periods. Luz II's DPT system can also utilize natural
gas to generate electricity during periods of reduced solar
availability, such as early evening hours when demand is still
high. Using this system, Luz II can offer utilities firm capacity
commitments for peak and shoulder periods. This dispatch capacity
and flexibility provides significant value to utility companies.
LUZ II Ltd. is a wholly owned subsidiary of BrightSource Energy
Inc. (BSE), of Oakland, California. LUZ II Ltd. performs R&D,
production and project engineering.
BSE/LUZ II's technology provides relatively low-cost power during
peak demand periods. Utilities and large commercial and
industrial customers place a premium on the power that is
produced during peak demand times. By using standard, inexpensive
materials and economies of scale in manufacturing, BSE/LUZ II's
plants achieve the lowest cost solar electricity in the world.
The combination of environmental concerns and rising prices for
commodity fuels has caused a number of states in the U.S. to
adopt Renewable Portfolio Standards (RPS). These standards
require utilities to purchase as much as 33% of their power from
renewable energy sources, such as wind, hydro and solar, by
specified dates. For example, California utilities are currently
under a mandate to purchase 20% of their power from renewable
sources by 2011 (compared to 12% at present), and 33% by 2020.
Historically, utilities have depended on wind power to meet their
RPS requirements. However, wind is not a predictable source of
power and typically delivers its power at night, when electricity
demand is lowest. Solar energy has a much higher degree of
predictability, with only a 10% yearly production variance. Solar
power peaks exactly when electricity demand is greatest, during
the afternoon hours and during summer months when air
conditioning loads are increased.
BSE/LUZ II's DPT system can also utilize natural gas to generate
electricity during periods of reduced solar availability, such as
early evening hours when demand is still high. Using this system,
BSE/LUZ II can offer utilities firm capacity commitments for peak
and shoulder periods. This dispatch capacity and flexibility
provides significant value to utility companies.
