April 11, 2011 at 19:04 PM EDT
Brightsource Nabs $168 Million From Google To Develop Ivanpah Solar Power Plant In The Mojave
Developers of large-scale, solar power plants Brightsource Energy Inc. closed another $168 million investment, the company announced today — this time from Google corporate. The funds will go towards the completion of the humongous, Ivanpah solar power tower plant in the Mojave Desert now under construction. Three years ago, Google.org invested $10 million, and took an equity stake in BrightSource. This deal hailed from Google's Green Business Operations team, however, and the funds are to be applied towards the completion of the Ivanpah project (not Brightsource's overall business) a Google spokesman confirmed...
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