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BrightSource Energy, Inc. is an Oakland, California based, corporation that designs, builds, finances, and operates utility-scale solar power plants. Greentech Media ranked BrightSource as one of the top 10 greentech startups in the world in 2008.
BrightSource was formed with seed capital from VantagePoint Venture Partners. It secured $115 million in additional corporate funding from its Series C round of financing in May 2008, bringing the total the company has raised at that time to over $160 million. Investors include ,Alternative Energy, , DBL Investors, BrightSource was formed with seed capital from VantagePoint Venture Partners. It secured $115 million in additional corporate funding from its Series C round of financing in May 2008, bringing the total the company has raised at that time to over $160 million. Investors include ,Alternative Energy, , DBL Investors, ,Technology Ventures, Venture, and Black River.By May 2010, the total amount raised was $337 million.BrightSource Industries (Israel) Ltd., formerly named Luz II Ltd.,is a wholly owned subsidiary of BrightSource Energy, Inc. Based in Israel, BrightSource Industries is responsible for solar technology development, plant design and engineering. In March 2008, BrightSource entered into a series ofwith(PG&E) for up to 900 MW of electricity.In February 2009, BrightSource contracted to sell power from sevenin theto(SCE). The plants were to have a combined capacity of 1,300 MW, producing 3.7 billionper year. The , BrightSource's 377 MW, 3,900-acre (16 km ) plant opened on February 13, 2014.The total cost of the Ivanpah project was $2.2 billion. The largest investor in the project was , a power generating company based in Princeton, New Jersey, that contributed $300 million. supplied instrumentation and control systems as well as steam-turbine generators. In 2009, BrightSource Energy announced plans to build a 960 .
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