April 21, 2008
Google, Others Give eSolar $130 Million Boost
eSolar has closed $130 million in funding from Idealab, Google.org, Oak Investment Partners, and other investors for the construction and deployment of pre-fabricated power plants.
It was announced in January that Google’s philanthropy arm, DotOrg, had invested $10 million in eSolar. Last year, Google announced REC, which stands for Renewable Energy Cheaper Than Coal.
eSolar has secured land rights in the southwest United States to support the production and transmission of over 1 GW of power. The company says it will have a fully operational power plant later this year in southern California
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