solar thermal electric

US solar thermal firm eSolar raises $30 million

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The six year old, US-based solar thermal firm eSolar has raised $30 million in its latest financing round, according to its latest SEC filing.
US solar thermal firm eSolar raises $30 million

To date the firm, which was incubated at Idealabs in Pasadena, Calif., has closed on about $12.8 million of that total, according to the March 26, 2013 filing, which was signed by company President and CEO John Van Scoter.

Founded in 2007, the company previously raised nearly $200 million, which it invested in developing one of the first solar thermal plants in the US, a 5 MW pilot project near Lancaster, Calif., and another CSP project in Bikaner, India.

The company exercised its prerogative not to disclose its revenues in the body of the filing.

Early investors in eSolar include Google.org, NRG Energy, Oak Investment Partners, Quercus Trust, General Electric and ACME Group.

For additional information:

eSolar

Gigaom

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