SOLAR INSIGHTS / NEWS & PRESS

Energy industry veteran Rob Udell joins 247Solar as CFO

247Solar advances next-generation solar thermal technology toward commercialization

by | Mar 6, 2024 | NEWS & PRESS

Great Falls, Virginia, USA, — 247Solar announced major milestones in the commercialization of its next-generation solar thermal electric generating technology, which offers commercial/industrial as well as grid-scale customers the chance to harness the sun’s heat for round-the-clock clean power and cut the cost and risks of scaling up renewable energy.

Rob Udell | new CFO of 247Solar

Rob Udell, new CFO of 247Solar

Energy industry veteran Rob Udell has joined as the firm’s CFO to help bring its patented technologies to market and conclude an ongoing Series A funding round that generated significant new investment at the end of 2023.

Udell is a well-versed financial and business executive with 20 years of experience as a CFO and 30 years of financial experience. He has led acquisitions, divestitures, and financings worth over $3 billion working with both public and private entities.

“I’ve worked in the energy business for 15 years and have seen a lot of different types of technology emerge,” Udell said. “There’s no question in my mind: 247Solar has a model that is poised to revolutionize the utility-scale and C&I solar sectors, and generate significant value for its customers and investors.”

Rob Udell, new CFO of 247Solar (Credit: 247Solar)
Udell’s previous energy experience is highlighted by various roles, including CFO, at APR Energy – which has executed, owned, and managed fast-track power projects across a wide spectrum of energy technologies in over 35 countries. Udell was also CFO at PPG Energy, which provides rental solutions and services to industrial power generation customers along with other industries. He also has experience in battery energy storage and worked for Coopers & Lybrand (now PWC) in New York City.

“With our Series A funding round nearing close and Rob at the helm of 247Solar’s finances, we are immensely excited for the future,” said Bruce Anderson, founder and CEO. “We’ve been refining our technology for more than a decade and have emerged with groundbreaking products that can provide zero-carbon electricity and heat around the clock with a small footprint, low technology risk, low environmental impact, and a long operating life.”

247Solar’s technology uses mirrors to reflect sunlight onto a receiver tower. That general approach – a version of “concentrating solar power,” or CSP – has been around for quite some time and has produced mixed results in the past. But 247Solar’s technology addresses previous challenges and provides an easily scalable, economically viable model for the future.

The system is far simpler and more streamlined than traditional CSP designs – improving reliability and reducing potential points of failure. Unlike previous pressurized CSP technologies, 247Solar’s turbines run on air at normal atmospheric pressure, which significantly reduces the system’s complexity.

247Solar accomplishes that by heating the air to more than 1,800 degrees Fahrenheit (970 degrees Celsius). That’s about 50 percent hotter than conventional CSP systems. That heat can be harnessed for immediate generation of zero-carbon electricity using a unique turbine – or can be captured for later in inexpensive thermal storage.

Importantly, the system doesn’t rely on corrosive molten salts to store heat energy, but rather captures it in abundant, cheaper materials such as sand or iron slag. Later they release their heat to spin the turbines and simultaneously generate electricity and industrial-grade heat when it’s needed.

Traditional CSP power towers needed huge swaths of land and custom engineering. 247Solar’s modular system, however, requires far less land – and all of the parts are built in factories and delivered to the site for rapid assembly. These features slash costs and allow installations to be scaled to any size, in multiples of the basic 400-kW module.

“247Solar has created something truly game-changing,” said Udell, the new CFO. “I’m proud to be part of the next frontier of clean energy technology.”

Media Contact: Media@247solar.com

RELATED STORIES

Zero Carbon: Action Not Matching Words as 1.5° Target Slips Away

Zero Carbon Newsletter | November 2024
Read More

Mine Power: Geopolitics and Mining

Mine Power Newsletter | October 2024
Read More

247Solar Sharpens Focus on Mining Industry with New Hire

Press | September 2024
Read More

Zero Carbon: Renewables Overtake Fossil Fuels in the EU

Zero Carbon Newsletter | August 2024
Read More

Mine Power: Going Off-Grid

Mine Power Newsletter | August 2024
Read More

247Solar Adds CSP Superstar to Engineering Team

Press | August 2024
Read More

Zero Carbon: Solar Power Will Change the World

Zero Carbon Newsletter | July 2024
Read More

247Solar VP Named President of MIT Alumni Association

Press | July 2024
Read More

Mine Power: How To Build a Fully Electric Mine

Mine Power Newsletter | June 2024
Read More

Top Climate Scientists Expect At Least 2.5°C Global Heating

Zero Carbon Newsletter | May 2024
Read More

Offering Clean Energy Around the Clock

Press | May 2024
Read More

Mine Power: Global Marketplace Needed for Critical Minerals

Mine Power Newsletter | April 2023
Read More

CSP is Making a Comeback

Press | April 2024
Read More

Zero Carbon: India Reserves Half of New Tender for CSP

Zero Carbon Newsletter | March 2024
Read More

Energy industry veteran Rob Udell joins 247Solar as CFO

Press | March 2024
Read More

Zero Carbon: Electrification for Industry is Crucial

Zero Carbon Newsletter | February 2024
Read More

Mine Power: The Energy Transition is a Commodities Transition

Mine Power Newsletter | January 2024
Read More

Mine Power: Clock Is Ticking on Net Zero Commitments

Mine Power Newsletter | December 2023
Read More

10 Myths About the Energy Transition Debunked

Zero Carbon Newsletter | November 2023
Read More

Mine Power: Recruiting Challenges Cloud the Future for Miners

Mine Power Newsletter | October 2023
Read More

Get in Touch

To Discover Our 24/7/365 Energy Solutions

    Get in Touch