SolarReserve Accelerates Growth in South Australia with Opening of Australian Headquarters and Field Office

Company opens Australian headquarters in Adelaide, along with
field office in Port Augusta, to serve as a development hub for the
region and to deliver Aurora, Australia’s first solar thermal power
station with storage

ADELAIDE, Australia–(BUSINESS WIRE)–#Australia—SolarReserve,
a leading worldwide developer of large-scale solar power projects and
advanced solar thermal technology, has opened two new offices in South
Australia – its Australian headquarters in Adelaide located at Level 5,
26 Flinders Street, and a field office in Port Augusta located at 45
Commercial Road. With Australia identified as a priority market for the
global organisation, SolarReserve’s Adelaide team will focus on
delivering the Aurora
Solar Energy Project as well as spearhead SolarReserve’s future
projects in South Australia and the broader region.

“South Australia is leading the world in renewable energy technologies,
and SolarReserve’s solar thermal power plant is one of the world’s most
exciting projects,” said South Australia’s Premier Jay Weatherill. “Port
Augusta is a symbol of South Australia’s transition from old to new.”

“We are targeting a large percentage of the sourcing and services value
for the Aurora project to come from South Australia in the construction
phase, which will support an exciting new industry,” said Tom Georgis,
SolarReserve’s SVP of Development. “The Aurora project is part of a much
bigger picture for South Australia. SolarReserve hopes to build six
solar thermal projects in the State over the next ten years, with our
Australian headquarters in Adelaide serving as the development hub.”

The field office in Port Augusta will serve as a conduit for local
workers and businesses to participate in the Aurora project and for
SolarReserve to maximise local opportunities. The Aurora team encourages
the local community to visit the new office to learn more about the
project and discuss opportunities.

Investing in South Australia’s Clean Energy Future

South Australia, the leading state for renewable energy in Australia, is
positioned to become the leading state for solar energy and dispatchable
renewable energy in Australia. SolarReserve is committed to supporting
South Australia’s goals which will attract investment and build an
exciting and growing new industry. The Aurora project along with
SolarReserve’s future investment in the state will develop a supply
chain that can be leveraged across the broader region, create thousands
of jobs for South Australians, and bring about a new age in clean,
reliable and affordable energy that’s fully dispatchable, day and night.

About SolarReserve

SolarReserve is a leading global developer, owner and operator of
utility-scale solar power projects, with more than $1.8 billion of
projects in operation worldwide. The company has
commercialised its proprietary ThermaVault advanced solar thermal
technology with integrated molten salt energy storage that delivers
renewable energy that is dispatchable 24/7. The technology is now one of
the world’s leading energy storage technologies, and allows solar energy
to operate like traditional fossil-fired and nuclear electricity
generation – except the fuel is the sun which means zero emissions, zero
hazardous waste, and zero dependence on fuel price volatility.

Since the company's formation in early 2008, SolarReserve's experienced
team has assembled a pipeline of over 13 gigawatts across the world's
most attractive, high growth renewable energy markets. SolarReserve is
headquartered in the US, and maintains a global presence with seven
international offices to support widespread project development
activities across more than 20 countries.

Contacts

SolarReserve
Mary Grikas, (310) 315-2274
[email protected]