One of a day’s press releases that held a eye.
What’s happening: BrightSource Energy, that is building a world’s largest solar thermal plant, a Ivanpah plan in a California desert, has lifted $80 million. VantagePoint Capital Partners and tellurian appetite provider Alstom, a company’s biggest existent backers, led a appropriation round. Along with a funding, Brightsource announced it would work on projects in India and Australia.
Why it’s of interest: BrightSource is regulating a hulk margin of mirrors to simulate a sun’s rays toward boilers to feverishness glass and emanate electricity in an bid to move some-more purify appetite into appetite grids. The association had formerly designed an IPO, though put going open off amid doubt in a market.
An mention of a release:
“With a Ivanpah plant impending completion, BrightSource is demonstrating a critical purpose that vast scale solar thermal appetite will play in providing clean, cost-effective and arguable appetite to a American grid,” pronounced Stephan Dolezalek, Managing Director during VantagePoint. “BrightSource’s singular record combines a scale, robustness and fortitude of required appetite plants with a appealing low-carbon form of regulating a solar feedstock. In addition, a Company’s indication of operative closely with tellurian partners including Alstom, Bechtel, NRG, Google and Chevron is how we see a record of appetite evolving.”
For some-more information: Media Relations, BrightSource Energy, media@brightsourceenergy.com
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Article source: http://upstart.bizjournals.com/money/loot/2012/10/25/vcs-shine-light-on-brightsource.html
