Professional Documents
Culture Documents
BrightSource Ivanpah Partners 10 25 10
BrightSource Ivanpah Partners 10 25 10
tions in the United States and Israel. In- BrightSource has partnered
vestors in BrightSource Energy include with Bechtel, the world’s pre-
VantagePoint Venture Partners, Mor- mier engineering, construc-
gan Stanley, DBL, Google, BP Alterna- tion and project management firm, as the
tive Energy, DFJ, Alstom, CalSTRS, and engineering, procurement and construc-
Chevron Technology Ventures. tion (EPC) contractor for the Ivanpah Solar
Electricity Generating System. In addition,
The company is actively develop- Bechtel Enterprises, the project develop-
ing more than four gigawatts of solar ment and financing arm of the Bechtel or-
power projects in Southwestern states ganization, will become an equity investor
– enough to power 920,000 homes. in all of the Ivanpah solar power plants.
Delivering on Solar’s Promise BrightSource’s Solar Energy Develop-
BrightSource Energy, Inc. provides ment Center in Israel’s Negev Desert The Ivanpah project has re-
clean, reliable and low cost solar en- is now fully operational, demonstrat- ceived a conditional commit-
ergy for utility and industrial companies ing BrightSource’s Luz Power Tower ment for a nearly $1.4 billion
worldwide. The BrightSource team com- (LPT) 550 technology and producing loan guarantee by the US De-
bines nearly three decades of experi- the world’s highest temperature steam partment of Energy (DOE) to help fund this
ence designing, building, and operating from solar energy. project. The loan is part of the DOE’s Title
the world’s largest solar energy plants XVII loan guarantee program, which was
with world-class project development started in 2005 under the Energy Policy
capabilities. BrightSource Energy’s Act, to support commercially viable tech-
solar plants are designed to minimize nology in addition to innovative renewable
their impact on the environment and energy technology.
help customers reduce their depen-
dence on fossil fuels. Headquartered BrightSource Energy’s smaller, flat mirrors are more
in Oakland, Calif., BrightSource Energy efficient, simpler to manufacture, and cost less to install
is a privately held company with opera- than parabolic mirrors used in solar troughs.
BrightSource Energy, Inc., 1999 Harrison Street, Suite 2150, Oakland, California 94612
T 510-550-8161 F 510-550-8165 E info@brightsourceenergy.com W www.brightsourceenergy.com
Proven Leadership in Solar Energy