Leading financial services and investment banking released an Energy Industry Brief. The brief identifies three major large-stale solar energy technologies: photovoltaic, solar-thermal electricity production, and the new solar tower technology.
As a result of the report, investors are exploring the possibility of investing in solar towers. Headed by Raymond James, who has a strong technology and renewable-energy focus, has the capability to construct multiple solar towers.
Solar Tower is a new, innovative solar powered station. Developed in Australia, where water is a huge problem, the tower generates electricity through heating air. The heated air is driven through turbines to generate electricity. The huge advantage of the technology: it can create affordable electricity without water or carbon emissions.
Solar Tower Technology