Saturday, February 14, 2009

BrightSource Wins Large Solar Contract




Photo: At a BrightSource facility in Israel's Negev Desert, mirrors reflect sunlight onto a tower to heat water that powers turbines to produce electricity.

Photo: John Woolard, CEO and Co-Founder of BrightSource.

August 1, 2008 - "BrightSource Energy has shot to the front of a long line of companies jockeying for approval of large renewable energy projects in California's deserts. The reason: It's done this before. 'Unfortunately, it's a very long cycle time to breaking ground,' said BrightSource Energy Inc. CEO John Woolard, also a partner at Vantage Point Venture Partners, BrightSource's lead investor. 'It takes time and patience and a lot of planning ahead to make all of this work well. Fortunately, this is something we're not bad at.'"
"BrightSource goes to front of solar power crowd"

February 11, 2009 - "In what could be the world's largest solar deal to date, BrightSource Energy of Oakland announced Wednesday that it will sell Southern California Edison 1,300 megawatts of electricity from seven large solar plants planned for the California desert. That's enough juice to light 845,000 homes, and it easily eclipses other recent deals signed by utilities here and abroad that are trying to expand their use of renewable power."
"Solar firm announces big contract"


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