VC Cash Rains on BrightSource

Schachter, Ken
May 2008
Red Herring;5/14/2008, p1
Trade Publication
The article reports on the funding secured by BrightSource Energy for the building of its utility-scale solar energy plants in the Mojave Desert. Funding the company's C round were VantagePoint Venture Partners, Google's philanthropic arm, BP's alternative energy unit, StatoilHydro Venture and Black River. The funding comes two months after BrightSource cut distribution deals with PG&E to supply up to 900 megawatt (MW) of electricity. BrightSource's plans to start construction in the Southern California desert in 2009.


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