BrightSource’s said the deal took its total equity financing to more than $615m and positioned it for significant international growth.
VantagePoint managing director Stephen Dolezalek said, “With its Ivanpah plant nearing completion, BrightSource is demonstrating the important role that large scale solar thermal power will play in providing clean, cost-effective and reliable power to the American grid.
“BrightSource’s unique technology combines the scale, robustness and stability of conventional power plants with the attractive low-carbon profile of using a solar feedstock.
“In addition, the company’s model of working closely with global partners including Alstom, Bechtel, NRG, Google and Chevron is how we see the technology of energy evolving.”
BrightSource and Alstom also announced their plan to expand an existing partnership to build plants in Australia and India.
This builds on developments the companies have worked on in the Mediterranean and Africa, as well as research projects on thermal storage and hybridisation with fossil fuels.
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