SunPower to construct largest power plant in the U.S. for Florida Power & Light Company - 10 July 2008
Applied Materials gains first Italian ‘SunFab’ customer - 09 July 2008
Canadian Solar commits to five new contracts totalling 14.9MW - 07 July 2008
Applied Materials breaks ground at Singapore Operations Center - 08 July 2008
Thin-film start-up Sencera invests $36.8 million in 38MW plant - 08 July 2008
REC ASA enters several silane supply deals worth close to $1 billion - 18 July 2008
Analysts eye tighter subsidies in Spain for solar industry - 18 July 2008
Global market leader SMA Solar Technology AG accelerates time-to-market with Across - 18 July 2008
Solar gains in popularity - 18 July 2008
Solar panels to join backup power plant at West Side facility - 18 July 2008
eSolar
has announced that it has closed $130 million in funding from
Google.org, Idealab and Oak Investment Partners, among others. The
thermal power plant manufacturer aims to begin construction and
deployment of pre-fabricated power plants that achieve economies of
scale at 33MW.
The new plan was formulated to address the need for rapid deployment and scalability in the installation of a power plant. eSolar proposes a modular pre-fabricated design to avoid the pitfalls of typical utility-scale plant installations that tend to incur huge construction costs and involve massive tracts of land.
Utilizing computing and algorithmic technology, eSolar plans to use a modular approach to the traditional problems faced in large utility-scale projects, and in the process reduce the company’s carbon footprint by minimizing land requirements and the duration of the construction process.
"eSolar's primary business goal is nothing short of making solar electricity for less than the price of coal, without subsidies," said eSolar Chairman and Founder of Idealab Bill Gross. "This is not only attainable, but will truly change the world."
By Síle Mc Mahon
