Bill Gross: eSolar to Launch Hybrid Solar Biomass Tech in China

Idealab founder and CEO Bill Gross says his solar thermal company eSolar, which uses software and computing to lower the cost of solar, can deploy its mirrors for “half the cost” of other solar thermal developers. That’s one reason why the Chinese government has agreed to buy a whopping 2 GW of solar thermal technology from eSolar, and Gross told us at our Green:Net conference last week that the Chinese government is specifically looking to deploy eSolar’s solar tech in a hybrid form in conjunction with burning biomass to create baseload solar.

By burning biomass at night, when the sun isn’t available to produce power, the eSolar technology can generate clean power 24-7 and Gross says it will be the first hybrid deployment of this type at this scale in the world. Other solar companies have been developing this technology on a smaller scale. Check out this video interview with Gross at Green:Net talking about how low cost computing can cut solar prices, and how eSolar scored its deal with the Chinese government:

For all of the presentations and videos from Green:Net 2010 see here.

For more research on cleantech financing check out GigaOM Pro (subscription required):

Cleantech Market Overview, Q1 2010