Google joins in $115M investment into solar thermal company, BrightSource
BrightSource Energy, an Oakland, Calif., solar thermal startup, has landed a hefty $115 million funding round from investors including Google to develop its solar power tower technology.
Solar thermal technology is one the leading hopes for alternative energy. It uses like mirrors and lenses to boil water, the steam of which is harnessed to generate electricity.
This third round was led by Google.org, VantagePoint Venture Partners, BP Alternative Energy, Statoil Hydro Venture and Black River; returning investors… Continue Reading
EMeter takes $12.5M for utility-scale energy management
Energy and resource tracking company eMeter has raised $12.5 million in its fifth round of venture funding, almost mirroring a funding for $500,000 less completed this time last year.
The company makes software that tracks the meters of millions of customers, whether they’re using electricity, gas, or water. The information is reported back to utilities, who can use it toward their smart grid initiatives.
Siemens Corp. led the funding, and was joined by Foundation Capital and DBL… Continue Reading