BrightSource Energy Raises $168 Million From Google

Posted Apr 13, 2011

Google Inc. (NASDAQ:GOOG) has invested $168 million in BrightSource Energy Inc. BrightSource plans on using the funding to build the Ivanpah solar tower plant in the Mojave Desert. About three years ago had invested $10 million in BrightSource Energy. This deal was put together by Google’s Green Business Operations team. By investing in BrightSource, Google believes that it would reduce their cost of clean energy from renewable sources for them and others in the market overall. [TechCrunch]