Wednesday, October 24, 2012

BrightSource Energy Banks $80M More

Oakland-based BrightSource Energy has banked a big round of funding, adding another $80M in equity funding, the firm said Wednesday. The new round was led by Alstom and VantagePoint Capital Partners, and also included DFJ, CalSTRS, DBL Investors, Goldman Sachs, Chevron Technology Ventures and BP Ventures among others. The deal also includes an effort by BrightSource and Alstom to partner on geographic expansion into India and Australia. BrightSource said the new funding brings its total raised to more than $615M. More information »