Reed Jensen has successfully demonstrated the direct solar reduction of CO2 to CO and O2 using a solar concentrator dish and ceramic converter that grew out of his work at Los Alamos National Laboratory. He will discuss the thermochemical, kinetic and spectral properties of the CO2 /CO/ O2 system that enable this process and how the CO is subsequently converted to useful fuels by a range of catalytic processes. He will also discuss the technical difficulties associated with the design, construction and operation of a multi-component optical system that must operate at high temperatures. Results from a prototype system will be discussed defining the efficiencies of the various processes. The details and the cost estimates for a 1 MW system for fuel, electricity and heat will also be presented.