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 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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