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 RE<C, 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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Today's combination of dwindling natural resources, economic uncertainty, and the growing threat of global warming underscores the urgent need to embrace "being ... continue »
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Big companies are pushing research to bring greener products to market, according to this CNN video....
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