California

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BrightSource Energy Makes Gigantic Bet on 750 MW Solar Project

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BrightSource Energy is making a big bet on CSP while others switch to PV

The third huge US solar project from BrightSource Energy is its largest yet. At a whopping 750 MW it is the size of three or four US coal or gas plants.

Its Rio Mesa Solar Electric Generating Facility in California will use the solar tower technology it inherited from Israel’s Luz, its parent company (Luz Rises Again as BrightSource for California) in which a field of mirrors on poles reflects sunlight onto a tower to create steam to drive a turbine to make electricity.

But it comes at a time when many utility-scale solar companies are switching to PV (photovoltaic) solar – those traditional rooftop solar panels that most people associate with solar – from Concentrated Solar Power (CSP) such as this. Why?

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BrightSource Solar Raises Another $122 Million

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Israeli Solar energy company BrightSource is the child, but the real father of solar thermal technology. SEC filings show BrightSource Energy Inc has raised $122.5 million in its fifth round of financing, according to Israel’s Globes.The company says it raised…

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