Wednesday, May 14, 2008

BrightSource Energy Exceeds $115 Million in Latest Round of Funding

Oakland, CA – BrightSource Energy, Inc., developer of utility-scale solar energy projects, has secured $115 million in additional corporate funding from its Series C round of financing, bringing the total the company has raised to date to over $160 million. These additional funds will enable the company to accelerate its plans to deliver utility-grade solar power at a time when many utilities are searching for reliable sources of renewable energy. Link.