Abengoa receives new R&D competitive award from the US DoE for next generation Concentrated Solar Power (CSP)

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has received a nearly US$2 million competitive awardfrom the US Department of Energy (DOE) SunShot Initiative to improve manufacturing and assembly of their innovative large aperture parabolic trough collector over the next two years. A parabolic trough collector is the mirrored structure that is commonly used in utility-scale Concentrating Solar Power (CSP) plants, such as Solana in Arizona.
The goal of this DOE SunShot Initiative project is to improve the cost competitiveness of CSP and will apply precision automation technologies to the manufacturing and final assembly of Abengoa’s new SpaceTube