Google, Oil Giants Invest $115 Mil in Solar Startup
California (TGW) – BrightSource Energy has announced that it has raised $115 million from a group of investors that include Google.org and oil giants Chevron and BP.
In April, Google invested $130 million in eSolar.
BrightSource has developed a new solar technology, dubbed distributed power tower, that focuses fields of sun-tracking mirrors called heliostats on a tower containing a water-filled boiler. The sun’s rays superheat the water and the resulting steam drives an electricity-generating turbine.
Via :: Green Wombat
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If you'd like to hear more about BrightSource, Google.org, and BP Alternative Energy, you should attend the Renewable Energy Finance Forum-Wall Street (www.REFFWallStreet.com), held June 18-19 in New York City. Dan Reicher of Google.org will chair the event, and the CEO of BP Alternative Energy, Vivienne Cox, will be a keynote speaker. In addition, John Woolard, the CEO of BrightSource Energy, will join the CEOs of Acciona North America and Abengoa Solar in a discussion about the future of solar thermal power. Other topics for discussion at the event include wind energy, photovoltaics, biofuels, carbon finance, the role of venture capital, and more.
Interesting but 'old' news. Texas Tech university experimented with this technology and electric generating process well over 20 years ago. Their facility was 25 miles east of Lubbock, Texas and was closed after 5 years as a capable but not cost effective project.
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