BrightSource Energy, the California based Concentrated Solar Power technology developer has filled a $35 million offering with the US Securities and Exchange Commission.
The filling shows the company has already raised $15 million from 44 investors whose identity has not been disclosed.
The offering includes: Equity; Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security; and Subordinated Convertible Promissory Notes.
BrightSource has developed the power tower technology which is used in its about to be commissioned Ivanpah SEGS plant, a 377 MW facility in the Mojave Desert in California. BrightSource's technology uses a central tower with a boiler at the top surrounded by heliostats that track the sun to reflect the sunlight to the boiler where water is heated to produce steam that drives a turbine to generate electricity.
The company is also developing the 500 MW Palen SEGS plant jointly with Spain's Abengoa and a 121 MW plant in Israel with in a joint venture with Alstom.
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