The commitment of over $200 million in corporate financing demonstrates investor confidence in eSolar's revolutionary technology.
Oak Investment Partners is a multi-stage venture capital firm with a total of $8.4 billion in committed capital. The primary investment focus is on high growth opportunities in communications, information technology, internet new media, financial services information technology, renewable energy, healthcare services and consumer retail. Since 1978, Oak has achieved a strong track record as a stage-independent investor funding more than 435 companies at key points in their lifecycle. Oak has been involved in the formation of companies, funded spinouts of operating divisions and technology assets, and provided growth equity to mid- and late-stage private businesses and to public companies through PIPE investments.
Oak has helped innovators exploit new business opportunities and anticipate trends through long-term relationships that endure the changing economic landscape. Oak's accomplishments can be best recognized through the success of its companies and the ability to deliver consistent performance over time.
GE is one of the largest and most profitable corporations in the United States. GE and eSolar signed an investment and licensing agreement during
July of 2011 to enable GE to sell, market and develop equipment and projects that will incorporate eSolar technology into Integrated Solar Combined
Cycle (“ISCC”) and standalone solar thermal power plants. An ISCC project combines a combined-cycle system including a gas turbine, steam turbine,
generators and a heat recovery steam generator, with a field of mirrors that focus sunlight on a tower to produce high temperature steam. Steam
generated in the solar field is fed into the water-steam cycle of the combined-cycle plant, increasing the power of the steam turbine and creating
extra megawatts of electricity without using any additional natural gas.
GE made an investment in eSolar during 2011 and made a follow-up investment in 2013. eSolar and GE continue to pursue projects in major CSP markets.
The Quercus Trust, a privately held family trust, is a prominent investor in the alternative energy sector, with investments in both privately held and publicly traded companies.
Google.org has made a commitment to address climate change head on. There are two large and growing concerns sparked by climate change: how to prevent, minimize or "mitigate" emission of greenhouse gases and, to the extent there is a certain amount of warming that is now inevitable, helping communities adapt to climate-caused changes. Of course, "mitigation" is the first concern, but Google is also mindful that the consequences of global warming will fall most heavily upon the world's poor, as they will have to "adapt" to drought, rising sea levels and climate instability which will exacerbate health and development challenges. Thus Google.org focuses its investment, policy and public engagement activities on efforts to dramatically cut greenhouse gas emissions by increasing the efficiency of energy use, and the use of cleaner and renewable energy sources. Google.org funds projects that take on the biggest challenges, and will be effective on a large scale.
The ACME Group is a leader in the field of innovative energy efficient solutions for global wireless telecommunications, cold chain systems, waste water treatment and environmental impact solutions. Over the years, ACME's innovative technology solutions have been geared towards reducing the use of diesel fuel through optimizing energy efficiency and consequently, lowering the environmental impact of fossil fuel usage. The company has been actively pursuing clean distributed power and alternative energy solutions, such as fuel cells, microturbines, solar energy, biogas and wind energy.
NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country's
largest and most diverse power generation portfolios. NRG's 48 plants provide
approximately 24,000 megawatts of generation capacity – enough to
power nearly 20 million homes. In November 2007, NRG won two of the
industry's highest honors – Platts Industry Leadership
and Energy Company of the Year awards. Headquartered in Princeton,
NJ, NRG is a member of the U.S. Climate Action Partnership (USCAP),
a group of business and environmental organizations calling for
mandatory legislation to reduce greenhouse gas emissions.
Bill Gross started Idealab in 1996 to create and operate pioneering technology companies. The structure of Idealab has allowed it to test many ideas at once and turn the best of them into companies, attracting the human and financial capital necessary to bring them to market.
Many of these companies were among the first to introduce new business ideas to the market. CitySearch, now a part of InterActive Corp., established the category of local online community directories. eToys demonstrated the tremendous potential for online consumer retail and became one of the most recognized brands during the early days of e-commerce. Overture Services, which began life as GoTo.com, was the first company to introduce the concept of paid search. Now part of Yahoo!, Overture's business model is the underpinning of a multibillion-dollar online search market.
Idealab continues to explore a range of technology frontiers. New models for improving the search experience are at the core of several companies currently growing inside of Idealab. Moving beyond the Internet, it has spawned companies with breakthrough technologies in robotics (Evolution Robotics), three-dimensional printing (Desktop Factory) and renewable energy (Energy Innovations), among others. Idealab also continues to partner with leading venture capital firms and other strategic investors to provide the resources to maximize the potential of these companies.
|
 |
|
