Ausra aims to build biggest solar thermal plant, raises $40M

Ausra aims to build biggest solar thermal plant, raises $40M

Ausra, an ambitious Silicon Valley company wanting to build a solar thermal electric power plant double the largest ever built, has raised somewhere north of $40 million in a first round of capital.

However, just as Ausra was preparing to make its announcement Monday that it has applied for a permit to produce a record 175 megawatt plant, its Oakland Calif. competitor, BrightSource, stole some of the thunder late last week by saying it has applied… Continue Reading