CSP technology provider BrightSource Energy raises USD115 million in funding

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BrightSource Energy of California announced on 14 May that it has raised USD115 million in funding from investors including Google.org, BP Alternative Energy, StatoilHydro Venture and Black River, as well as its existing investors. The amount is a significant increase over previous funding rounds. The company develops concentrating solar power technology and in April announced a contract with Pacific Gas & Electric for the supply of three solar power stations with a total capacity of 500MW, with options on a further two developments rated at 400MW.