in News Departments > FYI
print the content item

Ausra Inc., a provider of solar thermal energy systems for industrial processes and large-scale electricity generation, has announced a $25.5 million equity funding facility. Funds from the new equity facility are available to Ausra for expansion and acceleration of the company's solar thermal energy equipment supply business.

Investors in this equity financing include Ausra's founding investors - Khosla Ventures and Kleiner Perkins Caufield & Byers - and its newest international investors: KERN Partners of Calgary, Alberta, Canada; Generation Investment Management, based in
London, England; and Starfish Ventures of Melbourne, Australia.

Ausra says the investor group has mutually committed these funds in support of the company's cost-competitive solar thermal energy technology, experienced management team and global expansion opportunities for existing power generation and industrial process steam applications.

SOURCE: Ausra Inc.

Hybrid Energy Innovations 2015

Surrette_id1409
Latest Top Stories

New York Raises Solar Net-Metering Caps As Part Of An Energy Initiative

Gov. Andrew Cuomo announced five significant steps to help improve New York's grid, develop more localized access to energy and encourage new business models.


Co-op Solar Procurement: Exciting Opportunity Or Grounds For Turf War?

Despite promising growth in the utility sector, further procurement of solar on utility co-op systems could be stalled.


Colorado PUC Rejects Xcel Energy's Solar*Connect Subscription Program

Citing a lack of demand and concerns over pricing, Colorado regulators wasted little time in dismissing the utility's community solar proposal.


NextEra To Purchase Majority Stake In Hawaiian Electric In $4.3 Billion Deal

If approved by shareholders and regulators, the merger of NextEra and Hawaiian Electric Industries will produce one of North America's largest renewable energy companies.


EnterSolar Completes 1.6 MW Rooftop For Long Island Distributor

NYC developer structures three discrete projects to maximize feed-in tariff and net-metering incentives.

Maynards_id1471
Hybrid Energy Innovations 2015