Foundry Daily News

Alstom invests in solar thermal company BrightSource Energy

<font face="Arial,sans-serif" size="2">Alstom is investing up to US$55 million in solar thermal company BrightSource Energy Inc to enter the solar thermal energy market.</font>

<font face="Arial,sans-serif" size="2">The investment, making </font><font face="Arial,sans-serif" size="2">Alstom </font><font face="Arial,sans-serif" size="2">one of the larger shareholders, takes place as part of a capital increase of $150 million organised by </font><font face="Arial,sans-serif" size="2">BrightSource</font><font face="Arial,sans-serif" size="2">, which specialises in designing, building and operating tower based solar thermal power plants with operations in the USA, Israel and Australia.</font>

<font face="Arial,sans-serif" size="2">John M. Woolard, CEO and President of BrightSource, says: “Alstom’s investment in BrightSource illustrates the important role of our <em>Luz Power Tower </em>technology in meeting global demand for highly efficient, reliable and carbon-free energy resources.</font>

<font face="Arial,sans-serif" size="2">“Alstom is a world leader in power generation. Their commercial and industrial capabilities and our shared commitment to innovation and environmental leadership make this a natural fit. We welcome Alstom and we look forward to building on this relationship as we continue to grow the US solar market and expand internationally.”</font>

<font face="Arial,sans-serif" size="2">BrightSource has contracts for a total of 2.6 GW with PG&amp;E and Southern California Edison – California’s two largest utilities.</font>

<font face="Arial,sans-serif" size="2">The solar thermal company intends to build 14 solar power plants in the US southwest by 2016.</font>

Youtube Linkedin Xing