BrightSource Energy Gets Financing for Ivanpah Project
Source: BrightSource Energy, Inc.
BrightSource Energy, Inc. designs, develops and sells solar thermal power systems that deliver reliable, clean energy to utilities and industrial companies. The BrightSource Energy team blends internationally-renowned solar thermal technical experience with world-class finance and project development capabilities. BrightSource’s LPT solar thermal system is designed to minimize impact to the environment and help customers reduce their dependence on fossil fuels. Headquartered in Oakland, Calif., BrightSource Energy is a privately held company with operations in the United States and Israel.
BrightSource has approximately 2.6 gigawatts of power under contracts with Southern California Edison and Pacific Gas & Electric Company, California’s two largest utilities. In addition, the company manages an approximately 110,000 acre development site portfolio in California and the U.S. Southwest that has the potential to accommodate approximately 11 GW of installed capacity. The company’s Solar Energy Development Center in Israel’s Negev Desert is demonstrating BrightSource’s LPT 550 technology and producing the world’s highest temperature and pressure solar thermal steam.


