This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Pratt & Whitney Rocketdyne Receives $2.3 Million Award From Department Of Defense To Further Develop High-Concentration Solar Technology

CANOGA PARK, Calif., Nov. 13, 2012 /PRNewswire/ -- The Environmental Security Technology Certification Program (ESTCP) office of the U.S. Department of Defense (DoD) has awarded Pratt & Whitney Rocketdyne approximately $2.3 million to design and develop a 200-kilowatt high-concentration photovoltaic (HCPV) solar-power field on one acre at Edwards Air Force Base in California.  The project is designed to demonstrate the high-performance and cost-effectiveness of HCPV technology for use at DoD installations, and ultimately large utilities and other industrial applications.  Pratt & Whitney Rocketdyne is a United Technologies Corp. (NYSE: UTX).

"We're honored the Department of Defense has chosen Pratt & Whitney Rocketdyne to further demonstrate this revolutionary technology, which provides clean energy and shines a light on greater energy independence and energy security," said Neeta Patel, director, Energy Systems, Pratt & Whitney Rocketdyne.

The solar field will include a dozen commercial-scale dual-axis HCPV units that track the sun from sunrise to sunset, feeding the electrical grid rather than relying on the local utility company.  Each unit contains about 60 square meters of the HCPV modules, manufactured by Semprius, Inc., of Durham NC. The modules have a concentration ratio of 1,111 suns. The project will also include a 200-kilowatt lithium-ion battery unit. As part of the contract award, Pratt & Whitney Rocketdyne will perform field layout, systems integration, energy storage integration, and lead development and test of the HCPV/storage hardware, using cost and performance-optimization models already proven on the International Space Station and in smaller technology demonstrations at the University of Alabama-Huntsville.

Pratt & Whitney Rocketdyne, a part of Pratt & Whitney, is a preferred provider of high-value propulsion, power, energy and innovative system solutions used in a wide variety of government and commercial applications, including engines for launch vehicles, missile defense systems and advanced hypersonic engines. Behind its successful designs, manufacturing processes, and hardware are Pratt & Whitney Rocketdyne's research and development engineers, who solve tough problems in extreme environments. For more information, go to www.PrattWhitneyRocketdyne.com.  Follow us at www.Twitter.com/PWRocketdyne and www.Facebook.com/PWRocketdyne.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

SOURCE Pratt & Whitney Rocketdyne

Stock quotes in this article: UTX 
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs