Monday, April 21, 2008

eSolar Raises $130 Million from Idealab, Oak, Google

Pasadena, Calif. – Today, eSolar™, a producer of scalable solar thermal power plants, announced that is has closed $130 million in funding from Idealab,, Oak Investment Partners, and other investors for the construction and deployment of pre-fabricated power plants. Designed to address the complex issues surrounding large or utility-scale power projects, eSolar’s distributed solar thermal plants achieve economies of scale at 33 MW, and are modularly scaled to fit the needs of large and small utilities. Link.