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 with a modular design that also enables it to build mini power plants. Such plants are faster to install, smaller, and less expensive to construct than most solar power plants, the company says. eSolar adds that its modular technique can scale, creating power plants that produce anywhere from 25 megawatts of electricity to more than 500 megawatts.
Jennifer Guevin is assistant managing editor of CNET News. She focuses on science and green tech. But she also makes the occasional contribution to CNET's kitchen gadgets blog or writes about the latest Web distraction. Once a week, she takes the mic as host of CNET's Daily News Podcast. E-mail Jennifer. 
