The Chinese company is looking to use solar energy to power some of its solar farms.
In addition to the solar farms, Ivanpahs solar energy could help cover its energy needs for the next 50 years.
While there’s no official word yet on when Ivanpachs solar farms could be operational, the company’s founder, Peter Hsieh, says it’s going to happen.
“We will have about 300 solar farms in the next couple of years, that will be very soon,” he told Bloomberg.
The Chinese company already has a presence in North America, with its facilities in Alberta and Quebec.
Ivanpah also operates a large solar farm in Idaho, but it has yet to be used for residential use.
Solar farms could make a big difference in the energy landscape.
“Solar is the cheapest energy source, it is going to be the cheapest for the future,” said Hsiehe.
If the solar power is deployed in a large enough area, the power can be generated at a cheaper price, compared to fossil fuels.
At the same time, it could be the energy source of choice for homes and businesses that need to generate electricity from renewable sources, including wind turbines and hydropower.
There are still plenty of uncertainties surrounding the company.
But for now, Ivanpaah seems to be on a mission to make a name for itself in the solar market.