BrightSource actually raising $130M for solar thermal

You know it!


Last month solar thermal startup BrightSource announced it had raised a massive $80 million in equity. But in addition to that $80 million, the company is also looking to close on another $50 million according to a filing, which would bring this latest round to $130 million. That’s huge and would bring BrightSource’s total funding raised to date to $665 million.

As I previously pointed out, it’s pretty rare these days that a cleantech startup can close on such a large round — investors are far less willing to put big rounds into cleantech startups in 2012 (see GigaOM Pro’s Q3 wrap up). But some cleantech startup outliers — able to raise sizable rounds — are still out there.

BrightSource develops solar thermal plants and its design uses fields of large mirrors to concentrate sun light onto the top of large towers. The tower has a boiler at…

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