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As may have been mentioned here in the past, there is concern about whether Arizona may effectively ship a meaningful fraction of its precious water rights to California in the form of electricity by this method.
http://www.azcentral.com/arizonarepublic/news/articles/2010/01/17/20100117water-solar0117.html
I think it's pretty clear that PV and batteries are going to be the way to go ultimately. Timeline is uncertain...
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