Report: eSolar gets $130 million
Solar power start-up eSolar has raised $130 million in funding, according to a report in The Wall Street Journal (subscription required).
The Journal says one of eSolar's investors is Google, which announced last November that it would begin investing in alternative energy companies in an effort called RE
Pasadena, Calif.-based eSolar has plans to build large solar-thermal plants using the heliostat design, which utilizes an array of flat mirrors that direct sunlight onto a water tower, turning the water inside to steam, which then turns a turbine to make electricity.
Now, the company says, it has come up … Read more