Brightsource lands the largest solar deal yet
When we talk about solar power projects, the cost is generally counted in the millions, not billions, of dollars. But a new deal between the California utility PG&E and a solar thermal company heralds the next age of renewable energy, when capital begins to flow in earnest.
BrightSource, which has signed a contract with PG&E to supply 900 megawatts of energy (enough to supply over half a million households), will require between $2 and $3 billion… Continue Reading
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