Tag Archives: brightsource
BrightSource Goes Big With CSP
We spoke with BrightSource CEO John Woolard earlier this week about CSP economics and the newly announced molten-salt storage technology that BrightSource will incorporate into its concentrated solar power systems. Woolard hinted that there were more and bigger announcements to come. We didn’t expect them to come so soon. The soon-to-IPO mega-startup just filed a [...]
BrightSource Lands $300M for Its Ivanpah Plant
NRG Solar signed a letter of intent to partner with BrightSource toconstruct, finance, own and operate the 392-MW Ivanpah plant. NRG willbecome the lead investor, although Bechtel (the EPC firm) will also bean equity investor. As illustrated in our CSP Tracker, Ivanpah has all the necessary permits, so the only remaining hold-up will be financing. [...]
BrightSource Energy Signs Supply Contracts With Siemens
BrightSource Energy Inc., a developer of utility-scale solar thermal power plants, has signed contracts with Siemens to purchase two steam turbine generators for use at its Ivanpah SolarElectric Generating System. BrightSource Energy has now ordered allthree steam turbines to be used at its Ivanpah project. Thecontract is for the supply of two 133 MW steam [...]
BrightSource Raises Another $30M
Concentrated Solar Power pioneer BrightSource Energy just won another $30 million in venture capital funding, bringing their total to a hefty $300 million, according to WiredVC. Globes reports that new investors in the round include the Russiangovernment’s venture capital fund, an international VC firm and twounnamed private strategic investors. This funding comes following the approval [...]
BrightSource Raises Another $150 Million for Utility Solar
BrightSource Energy said it raised $150 million in a fourth round of financing, bringing the total raised so far to morethan $300 million. The financing will be used for two purposes: to help BrightSourcebuild solar thermal power plants in the U.S. Southwest to servecustomers like Pacific Gas & Electric and Southern California Edison and to [...]
BrightSource Raising $150M In Mezzanine Round (RUMOR)
BrightSource Energy, the VC-funded solar thermalhopeful, is looking to raise a $150 million mezzanine round, accordingto sources. The effort has been going on for a few months — the firmneeds equity to match their DOE loan guarantee. Investors in BrightSource have already put in more than $160 millioninto the firm. Their investment syndicate includes VantagePoint [...]
DOE Clears Brightsource for 15 GW of Solar Thermal in CA
BrightSource Energy has recently received a loan guarantee from theU.S. DOE for nearly $1.4 billion, enough for 15 gigawatts of solarthermal projects in California. That is fifteen 1000MW coal-firedpowerplants, and one 1000MW power plant can power 250,000 homes. Providing enough power for nearly 4,000,000 homes, the loan guaranteeto BrightSource is being seen by some as a [...]
BrightSource Secures $1.37 Billion in Funding From DOE
BrightSource Energy, Inc. has announced the U.S. Department of Energy has conditional approved US$1.37 billion in loan guarantees for BrightSource’s Invanpah Solar Power Complex. The Invanpah solar thermal project not only represents California’sfirst solar thermal project in almost twenty years, but it will also bethe world’s largest solar power project when it is complete. Invanpahwill [...]
BrightSource Files Alternate Plan For Ivanpah Solar Project
BrightSource Energy Inc.,a developer of utility-scale solar thermal power plants, has submittedan alternative design for the Ivanpah Solar Energy Generating Systemproject. This mitigation proposal, which was filed with theCalifornia Energy Commission (CEC) and the Department of the Interior’sBureau of Land Management (BLM), would significantly minimize theproject’s potential environmental impacts, according to the company.The plan would [...]