31 Jul '13, 1pm

Massive Solar Thermal Power Plant Coming Online. A Stepping Stone For Future Projects

Massive Solar Thermal Power Plant Coming Online. A Stepping Stone For Future Projects

BrightSource Energy just collected $15 million of a modest $35 million tranche of venture funding. (It's modest relative to the hundreds of millions the company has raised over the last decade.) ... Woolard's resignation came on the heels of a BrightSource press release that described the company "evolving from being a U.S. project developer to becoming a global technology provider that also offers development support as well as engineering and operational services." That's tough language to decode, but forgoing project development to become a "technology provider" is reminiscent of a startup's transition to a licensing model -- not always a good sign for a startup. ... Several months ago, we reported that BrightSource's giant Ivanpah solar thermal project in the Mojave Desert was 92 percent complete. The 377-megawatt project consists of three 459-foot-tall towers encircle...

Full article: http://peakenergy.blogspot.com/2013/07/massive-solar-ther...

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