Enterprise Software - Monday, May 14, 2007
Solar's BrightSource Shines With $115M Investment
Oakland, CA's BrightSource Energy is making its parents proud with a $115M round. It has now raised to date to over $160M.
Investors were led by VantagePoint Venture Partnerswith Google.org, BP Alternative Energy, StatoilHydro Venture and Black River. Existing investors did not head for the exits. They are Morgan Stanley, DBL Investors, Draper Fisher Jurvetson, and Chevron Technology Ventures.
Brightrource runs utility-scale solar power. BrightSource can thank regional energy giant PG&E for the round. In March 2008, BrightSource entered into power purchase agreements with PG&E for 900MW+ of electricity. BrightSource is developing asolar power plants in the Mojave Desert with construction of the first plant planned to start in 2009.
Given the price spikes in natural gas, we can certainly understand why investors are into Brightsource. Land is cheap in the Mojave and the government is more than happy to lend a hand.
View - Brightsource site
More Recent Articles
Solar's BrightSource Shines With $115M Investment
Wednesday May 14, 2008
Oakland, CA's BrightSource Energy is making its parents proud with a $115M round. It has now raised to date to over $160M. Investors were led by VantagePoint Venture Partnerswith Google.org, BP Alternative Energy, StatoilHydro Venture and Black River. Existing investors did not head for the exits. They are Morgan Stanley, DBL Investors, Draper Fisher Jurvetson, and Chevron Technology Ventures. Brightrource runs utility-scale solar power. BrightSource can thank regional energy giant PG&E for the round. In March 2008, BrightSource entered into power purchase agreements with PG&E for 900MW+ of electricity. BrightSource is developing asolar power plants in the Mojave Desert with construction of the first plant planned to start in 2009. Given the price spikes in natural gas, we can certainly understand why investors are into Brightsource. Land is cheap in the Mojave and the government is more than happy to lend a hand. View - Brightsource site...
Stock Photo Filter BrightQube Closes $650K 1st Round
Tuesday May 13, 2008
Tech Coast Angels has completed funding of a $650K for BrightQube. The angel group led the seed funding of $200K. Founded in September 2007, BrightQube is an online creative resource for stock photography. There are any number of stock photo sites on the web so what BrightQube is selling here is a feature they call Dynamic Mosaic, which allows users to view a great number of images at once. So rather than click from page to page you can mouse-over photos and see them enlarge. Interview with CEO Lee Corkran. He was VP Products at Digital Railroad and Program Manager/Experience Architect, Digital Photography at Hewlett-Packard View - site...
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