Businessweek: New Mexico business gets funds for solar research

http://www.businessweek.com/ap/financialnews/D9FKNFP00.htm

ALBUQUERQUE, N.M.
An Albuquerque company has been selected by the U.S. Department of Energy to receive funding for research, development and demonstration of concentrating solar power systems capable of producing low-cost electricity.

SkyFuel Inc. will receive up to $4.3 million to pursue component feasibility studies related to concentrating solar power, or CSP, systems. CSP technologies produce electrical power via turbines or engines that are driven by heat concentrated from the sun's energy.

SkyFuel is working on a large-scale trough system that could be used in baseload concentrating solar power generation. Officials say the goal is to improve designs and plants to the point that utility-scale CSP energy can displace traditional coal-burning power plants.