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. This brings the total the company has raised to date to over $160 million. Investors include, BP Alternative Energy, Morgan Stanley, DBL Investors, Draper Fisher Jurvetson, Chevron Technology Ventures, Statoil Venture, and Black River.[2]

BrightSource Industries (Israel) Ltd., formerly named Luz II Ltd.,[3] 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 of power purchase agreements with Pacific Gas and Electric Company (PG&E) for up to 900 MW of electricity.[4] BrightSource is currently developing a number of solar power plants in Southern California, with construction of the first plant planned to start in 2009.[dated info]

In February 2009, BrightSource contracted to sell power from seven solar power towers in the Mojave Desert to Southern California Edison (SCE). The plants will have a combined capacity of 1,300 MW, producing 3.7 billion kilowatt-hours per year. The first 100 MW plant, part of BrightSource's 400 MW, 3,900-acre (16 km2) Ivanpah Solar Power Facility, could be operating by 2013.[5][6][7] The total cost of the Ivanpah project will be $2.2 billion.

In 2010, BrightSource hired Morgan Stanley and Goldman Sachs to begin preparations for a public offering in 2011. Its fourth round of equity financing in May netted $150 million, bringing total equity financing to $330 million to date.[8]

In April 2011, BrightSource filed with the SEC to raise up to $250 million in an initial public offering.[9][10]

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