Providing fresh evidence that solar thermal is one of the hottest segments in green tech, Solel said on Monday that Ecofin is investing $105 million into the company.
Solel makes equipment for solar thermal power plants, facilities that use the sun's heat to create steam and turn an electricity generator.
Its specialty is parabolic troughs. Thousands of troughs reflect sunlight to heat a liquid that makes steam. The company's equipment has been in use in the Mojave Desert since 1985.
Solar thermal is one of the most cost-effective forms of renewable power and is best suited for desert … Read more