Cool Earth Solar, a Livermore, Calif. company that says it has developed a new solar concentration technology, has raised $750,000 in a seed round of financing, VentureWire reports (sub required).

The company has a good presentation of its technology here.

Cool Earth Solar was founded by Eric Cummings, a former researcher at the Sandia National Laboratories and founder of Livermore-based laboratory equipment manufacturer LabSmith Inc., in December 2006. The round consisted of undisclosed angel investors, with Cummings saying he expected the financing to re-open for an additional $200,000 close.

Cool Earth Solar joins a number of companies trying to concentrate solar power in various ways, including Energy Innovations, SolFocus and Soliant.