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Ausra, Inc., provider of large-scale solar thermal energy systems for industrial processes and utility electricity generation, has secured $60.6 million in its latest preferred equity financing. Proceeds from Ausra's financing will fund the company's research and product development and commercial activities, including the completion of its 5-megawatt Kimberlina solar thermal power project near Bakersfield, Calif.— the first power plant in North America to incorporate Ausra's core technology, the Compact Linear Fresnel Reflector (CLFR) solar collector and steam generation system.The company's first commercial CLFR project, located in Australia, is currently under expansion. That facility will augment power production at an adjacent conventional power station later this quarter. Ausra is also developing a 177-megawatt CLFR power plant for Pacific Gas and Electric Company in central California.