Bright Source raises less than $50M for large solar power plants

Bright Source Energy (no Web site), an Oakland start-up that designs and builds large solar power plants with new technology, has finished its first round of funding with investments from two new investors, VentureWire reports today.

Draper Fisher Jurvetson and the J.P. Morgan Bay Area Equity Fund joined previous investor VantagePoint Venture Partners in a round of “under $50 million.” VentureBeat first covered the company, formerly known as Luz II, here.

Bright Source is significant because it… Continue Reading