Brightsource’s concentrated solar project gets financial boost from Google and the Department of Energy. The company has a number of solar projects underway in California. Brightsource technology consists of dual-mirror heliostats that follow the sun to increase energy production. …
… “Google stepped in as a new equity investor in the project, agreeing to provide $ 168 million.
And the project's construction contractor, Bechtel Corp., which was the first to commit equity in 2009, decided in the end to drop out as an equity investor.” …
Via Nasdaq: Brightsource Project.
Brightsource CSP projects.
The three-plant Ivanpah Solar Complex will generate approximately 392 gross megawatts of electricity using the company's innovative, proprietary concentrating solar power CSP technology.
DOE Loan Guarantee for Brightsource in California.