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Alternative Energy - Tuesday, April 22, 2008

$130M Investment To Build eSolar Power Plants

We keep hearing talking heads on NPR, CNN and other MSM sites prescribe academic and government investments to seed alternative energy technologies, which they expect will be followed by late stage private sector pick-up. Clearly these folks are not following the huge numbers on the board for venture backing of alt energy startups. Today eSolar announced that it had picked up $130M from investors Idealab, Google.org, Oak Investment Partners.

eSolar plans to launch pre-fabricated solar thermal power plants, both large and utility-scale power projects. The analog here is that its cheaper to build mobile homes in South Dakota and ship them around the country then to build one of a kind homes on the spot. eSolar says it will have a fully operational power plant later this year in southern California.

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