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Oakland-based BrightSource Energy, a developer of utility-scale solar energy projects, said today that it has raised $115M in additional Series C funding. The funding came from VantagePoint Venture Partners, Google.org, BP Alternative Energy, StatoilHydro Venture, and Black River, along with existing investors Morgan Stanley, DBL Investors (formerly a subsidiary of JP Morgan), Draper Fisher Jurvetson, and Chevron Technology Ventures. The firm said that the funding will allow it to accelerate its plans to deliver utility-grade solar power. The firm has now raised over $160M in funding. BrightSource said it is in the midst of developing solar power plants in the Mojave, with first plant construction to start in 2009.
posted on Wednesday, May 14, 2008 (Link to more information)

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