BrightSource signs research agreements with Hebrew University

Yissum Research Development Company, the technology transfer arm of the Hebrew University of Jerusalem, announced this week that it has signed two research agreements with BrightSource Industries Israel (BSII) for the development of new materials for solar thermal power plants.

Under the agreement, BrightSource will fund research in the laboratories of Professors Daniel Mandler, and Shlomo Magdassi, both from the Institute of Chemistry at the Hebrew University of Jerusalem. This research collaboration is based on the know-how of Yissum and BSII.

In addition to payment of research fees, BSII will compensate Yissum upon the successful implementation of the technology in its solar power plants. Financial terms were not disclosed.

The new materials may be integrated in the solar thermal power plant technology developed by BSII and implemented in new utility-scale power plants worldwide.

The BSII technology generates electric power from solar energy by using a field of mirrors to reflect sunlight onto a boiler mounted atop a central tower (LPT Luz Power Tower), where water is converted to superheated steam that drives a turbine generator.

"Solar energy is definitely the most important, yet underutilized, clean energy source. Israel has always been a leading player in the solar energy field, and the Hebrew University is proud to collaborate with BrightSource Industries Israel in increasing the efficiency of solar thermal power plants," said Yaacov Michlin, CEO of Yissum.

Yoel Gilon, Senior Vice President of BSII, said, "BSII's partnership with Yissum will leverage the academic and research excellence of the Hebrew University to develop cutting-edge new technologies for clean, cost-effective solar thermal power plants. The excellent level of cooperation among Yissum, the university researchers and BSII will be of great value to all the parties involved."

BSII, formerly known as Luz II, is a wholly-owned subsidiary of Oakland, California-based BrightSource Energy. BSII provides product development and engineering services, and supplies the solar fields, including heliostats, solar boilers, and control systems for all of BrightSource Energy's projects.

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BrightSource Energy expands Nevada solar thermal project to 960 MW

BrightSource Energy and SCE sign 1.3 GW solar thermal deal

BrightSource Energy has signed a contract with Southern California Edison (SCE) to supply 1,300 megawatts of solar thermal power, enough to serve nearly 845,000 homes. This is the largest solar deal ever announced.

BrightSource will develop seven solar facilities for SCE under terms of the deal. The first 100-megawatt plant, to be built at BrightSource's Ivanpah complex in the Mojave Desert, is due to come online in early 2013.

In total, BrightSource now has 4.2 GW of solar sites under development.

BrightSource did not disclose the size of the new contract or the cost of building these solar thermal plants.

BrightSource CEO John Woolard revealed earlier this month at the World Economic Forum that the company's existing projects may be delayed because of difficulties in obtaining project financing.

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BrightSource Energy signs contract with Siemens for solar-powered generator

BrightSource Energy, Inc., developer of large-scale solar thermal energy plants, has signed a contract with Siemens to purchase the steam turbine generator for BrightSource's first 100MW plant at its Ivanpah Solar Power Complex in California's Mojave Desert.

The contract with Siemens is for the supply of a 123 MW fully solar-powered steam turbine generator. When completed, the turbine is expected to be the largest fully solar-powered steam turbine generator to date.

"This contract marks another significant milestone in building California's first large scale-solar power plant in decades," said John Woolard, CEO of BrightSource Energy. "The Siemens high quality solar-powered turbine generator offers additional certainty that the project will deliver cost effective, reliable, and clean solar power."

Due to a lengthy production process, turbine generators must be ordered approximately three years in advance of the planned delivery date. The Siemens turbine is slated to be delivered in early 2011, and BrightSource expects this first phase of its Ivanpah Solar Power Complex to be operational and supplying solar energy to utilities in the fourth quarter of 2011.

The Ivanpah Solar Power Complex that BrightSource is building near the California/Nevada border in the Mojave Desert will power 250,000 homes and reduce carbon dioxide (CO2) emissions by over 500,000 tons per year. According to BrightSource, the Ivanpah Solar Power Complex will produce more electricity in one year than the total of all of the residential solar installations currently installed in the US.

BrightSource is the parent of Jerusalem, Israel-based BrightSource Industries Israel (BSII), formerly called Luz II. BSII performs R&D, production and project engineering for its California-based parent company.

BrightSource Energy selected as World Economic Forum Technology Pioneer 2009

Last month, BrightSource was selected as a 2009 Technology Pioneer by the World Economic Forum. BrightSource was the only solar company to win this year's prestigious award.

The Technology Pioneers Program identifies companies that have contributed to the Forum's mission of improving the state of the world. To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and ahve the potential for long-term impact on business and society.

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Rotem Industries and Midwest Research Institute to establish renewable energy technology center in Dimona

Midwest Research Institute (MRI) and Rotem Industries Ltd announced that they have reached an agreement to jointly establish a Renewable Energy Technological Center (RETC) in the Rotem Industrial Park located in Dimona, Israel.

MRI and Rotem aim to develop and commercialize new clean technologies at the RETC.
MRI is one of America's leading independent research institutes conducting research in the areas of national security and defense, energy and environment, life sciences, food and agriculture, and transportation safety. It is one of the two entities in the Alliance for Sustainable Energy, LLC, that manages and operates the National Renewable Energy Laboratory (NREL) in Golden, Colo., for the U.S. Department of Energy.

Rotem, a quasi-governmental entity, specializes in evaluating seed technologies, bringing them to market readiness and commercializing the resulting products. In 2005, Rotem established a Renewable Energy Innovation Center that is now home to projects like Leviathan Energy's experimental wind park and BrightSource Energy's "Solar Energy Development Center".

MRI and Rotem will also collaborate with TASC Capital to invest in promising renewable energy technologies.

MRI and Rotem will organize and manage the RETC, with Rotem providing the facilities and MRI providing expertise in the technical screening and evaluation of potential projects. It is anticipated the Center will be ready for operation in January 2009.

"In Israel, MRI has found innovative technologies with commercialization potential that will advance new renewable energy applications in the marketplace," said Roger Starnes, MRI Group Vice President of Strategic and Emerging Program Development. "MRI's and Rotem's capabilities complement each other and by working together through the Center we will be able to accelerate the advancement of these technologies."

This agreement would seem to put Rotem in a strong position to receive government support under a Negev renewable energy R&D program approved by the Israeli government in August, 2008.

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BrightSource Energy planning 1200 MW solar power facility in Nevada

BrightSource Energy is planning to build three solar thermal power plants, which will produce 1,200 megawatts (MW) of electricity, enough to power 900,000 homes, at a desert site northeast of Las Vegas.

According to a local news report in Nevada, BrightSource has been in talks with Overton Power District, a public utility, for several months about the possibility of upgrading existing transmission lines that would deliver to the grid increased power generated by the solar facilities

Last week, BrighSource executives brought local officials out to the site and then delivered a presentation on the proposed facilities.

John Woolard, CEO of Bright Source, and Tom Doyle, the company’s Senior VP of Project Development, said they plan to build three 400-megawatt plants on Mormom Mesa, federal lands 65 miles from Las Vegas (see map).

“We have a plan of development we’ll submit to BLM [the Bureau of Land Management, which must approve the plants], Doyle says. "We’re hoping to be operational as early as 2012, pending an outtake agreement (with the local utility).”

Woolard says the plants’ environmental footprint “would be as benign as possible. It will be carbon free with low water usage and will use one-third to one-quarter the land use a wind facility would use. It’s something we’re very focused on.”

Doyle said southern Nevada’s unique situation as a hub of electrical power would enable Bright Source to send solar-generated electricity to other states.

“The first phase is a 400-megawatt project,” Doyle said. “We can sell the power in Nevada. We’ll expand up to 1,200 megawatts and sell to other states. We’re using one state’s indigenous resource – clean power – to bring to other states.”

One hundred megawatts of power is enough to take care of the power needs of 75,000 homes, Woolard said.

Headquartered in Oakland, CA, BrightSource has raised over $160 million from investors such as VantagePoint Venture Partners, JP Morgan, and Google.org. Last spring, the company entered into a series of contracts with Pacific Gas and Electric Company (PG&E) to build up to 900 MW of solar power in California at a cost of $2-3 billion.

Luz II, based in Israel, is a wholly owned subsidiary of BrightSource Energy, Inc. responsible for the company's solar technology development, plant design and engineering. In June, 2008, BrightSource and Luz II dedicated their Solar Energy Development Center in the Negev's Rotem Industrial Park.

It was reported last month that BrightSource is opening an office and looking for partners in Arizona and that the company plans to build solar thermal power plants near Phoenix.

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BrightSource Energy expanding to Arizona

BrightSource Energy is opening an office and looking for partners in Arizona, according to a recent report in the Phoenix Business Journal.

BrightSource officials have been in discussions with the city of Phoenix about a potential site that could house up to a 400 megawatt solar generating station or more on city land.

Phoenix Mayor Phil Gordon said solar power appeals to the city as a method to reduce its energy costs. Partnering with a solar provider also would have the benefit of bringing additional jobs and a more diversified economy to the region.

"We've got to use our resources as a city to get off fossil fuel," he said.

Gordon saw BrightSource's research and development facility, run by subsidiary Luz II, during a trip to Israel earlier this year. That started conversations about how to bring the company's technology to Arizona.

BrightSource has already entered into a series of power purchase agreements with Pacific Gas and Electric Company for up to 900MW of electricity, the largest solar power commitment ever made by a utility. The company is now building plants in Southern California and it's hoping to bring that technology to Arizona, said Tom Doyle, the company's senior vide president for project development.

"When we look at the renewable market, California is a huge market because of its renewable energy portfolio, but so is Arizona," Doyle said.

A 100-megawatt generating station would bring up to 500 construction jobs during the 18 to 24 months it would take to build, and then the facility would run on a staff of about 20 to 24 people, said Joshua Bar-Lev, vice president of regulatory affairs for BrightSource.

That same plant would produce about $240 million in economic benefits over a 30-year period, assuming that it received tax credits for its construction and paid no property tax, Bar-Lev said.

BrightSource has been looking at Phoenix-owned land and has found several parcels that it could use within proximity to transmission lines.

BrightSource is also in discussions with Arizona State University about partnerships they can have, particularly in their construction management program.

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BrightSource / Luz II Dedicate Negev Solar Energy Development Center

BrightSource Energy, and its Israeli subsidiary Luz II, developers of large scale solar thermal power plants, dedicated their Solar Energy Development Center (SEDC) in the Negev's Rotem Industrial Park earlier today, June 12.

I had an opportunity to attend the ceremony, which included tours of the facility and presentations by BrightSource Chairman Arnold Goldman, BrightSource CEO John Woolard, and Luz II President Israel Kroizer.

The site features more than 1,600 glass mirrors, known as heliostats, which track the sun and reflect light onto a 60 meter-high tower. The concentrated energy is then used to heat a boiler atop the tower to 550 degrees Celsius, generating steam that is piped into a turbine, where electricity can be produced. To learn more about the company's "Distributed Power Tower" technology, check out the video on their web site. Click here for an Israeli news report on the SEDC.

In April, the company entered into a series of contracts with Pacific Gas and Electric Company (PG&E) to build up to 900 MW of solar power in California, at a cost of $2-3 billion. Then, in May, BrightSource raised $115 million in a Series C round of financing from investors including Google.org and VantagePoint Venture Partners.

According to BrightSource, the solar power plants that the company is actively developing will provide enough electricity to power more than 3.2 million homes and remove emissions equivalent to what is produced by approximately one million cars.

Ironically, the bus to the event left from the Reading Power Station in Tel Aviv, which served as a reminder of how far Israel has come. Reading, built during the British Mandate in 1938, is powered by imported fossil fuels. Now, 70 years later, deep in the Negev Desert, an independent Israel is developing technology that will be exported to the United States and used to build the world's largest solar power plant.

Congratulations to BrightSource Energy and Luz II!

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Arnold Goldman, Chairman of BrightSource Energy

BrightSource Energy is one of the hottest companies in cleantech. Earlier this month BrightSource raised $115 million in a Series C round of financing from investors including Google.org and VantagePoint Venture Partners. In April, the company entered into a series of contracts with Pacific Gas and Electric Company (PG&E) to build up to 900 MW of solar power in California, at a cost of $2-3 billion.

Arnold Goldman is the Chairman and Founder of both BrightSource Energy, based in Oakland, CA, and Luz II, the company's R&D, production and product engineering subsidiary based in Jerusalem.

In a recent interview with the web site Beyond Zero Emissions, Goldman discusses the origins of the company and its solar thermal technology. He explains why BrightSource has moved away from the parabolic troughs used by companies like Solel, and is instead building power plants based on its "Distributed Power Tower" technology consisting of thousands of relatively small mirrors (called heliostats). If you are interested in learning more about the company and solar thermal power, take a look at the online transcript of the interview.

Luz II is currently building a pilot plant in Israel's Negev Desert to test the company's technologies.

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BrightSource Energy raises $115 million in latest round of funding

BrightSource Energy, Inc., the US parent company of Israeli solar energy technology company Luz II, has secured $115 million in additional corporate funding from its Series C round of financing. This brings the total the company has raised to date to over $160 million.

BrightSource said these additional funds will enable it to accelerate its plans to deliver utility-grade solar power at a time when many utilities are searching for reliable sources of renewable energy.

VantagePoint Venture Partners, the company’s initial investor, led the syndicate, which includes Google.org, BP Alternative Energy, StatoilHydro Venture and Black River. All of the company’s existing investors, including Morgan Stanley, DBL Investors (formerly a subsidiary of JP Morgan), Draper Fisher Jurvetson, and Chevron Technology Ventures participated in the round.

“The quality of the investors in this round of financing, coupled with increased support from our earlier investors, underscores the confidence that major strategic players have in our ability to reliably generate clean, cost-effective, utility-scale solar power,” said John Woolard, Chief Executive Officer of BrightSource. “We believe in the transformational role of solar energy, and that the broad reach of our new investors will enable us to accelerate the growth of solar thermal into a mainstream energy source.”

“With its unique ability to reliably produce superheated steam at efficient high temperatures, our power tower technology is the strongest commercially viable approach to solar energy,” said Arnold Goldman, chairman and founder, BrightSource Energy, Inc. and Luz II Ltd. “Operating more efficiently than older solar thermal methods, and costing much less to build, our technology will change the way utilities generate electricity.”

In March 2008, BrightSource entered into a series of power purchase agreements with PG&E for up to 900MW of electricity. BrightSource is currently developing a number of solar power plants in the Mojave Desert of Southern California, with construction of the first plant planned to start in 2009.

BrightSource Energy signs large solar deal with PG&E

BrightSource Energy announced this week that it has entered into a series of contracts with Pacific Gas and Electric Company (PG&E) for renewable solar power. The first three contracts are for a total of 500 megawatts (MW) of power to be supplied from three solar thermal electric generating projects. PG&E also signed two contracts for options on an additional 400 MW of solar power, which would bring the total amount of power purchased under these five agreements to 900 MW.

This is one of the largest solar thermal power deals to date. Building the five plants will cost between $2 billion to $3 billion, and Morgan Stanley will reportedly lead the financing of the first plant.

According to Earth2Tech, the plants will use BrightSource’s power tower design, which includes an array of mirrors that reflect the sun’s light onto a central receiver full of water, creating steam and powering a turbine. The plants, the first of which could come online as early as 2011, are to be built in the Mojave Desert.

Luz II, Ltd., a wholly owned subsidiary of BrightSource Energy, provides product development and engineering, project engineering and management, and solar field manufacturing and supply services to BrightSource's plants. Luz II is headquartered in Jerusalem, Israel.

Brightsource COO and Luz II president Israel Kroizer, in an interview with "Globes", says that if PG&E exercises its options, BrightSource's solar power stations will provide 2.7% of the company's electricity supply.

Luz II is apparently due to launch a commercial pilot of its solar thermal power station at Rotem Industries Ltd. in Dimona in the Negev in a few weeks. The station will generate a few megawatts of solar thermal energy.

Privately held, BrightSource Energy is headquartered in Oakland, California. Its principle investors include: VantagePoint Venture Partners, Morgan Stanley, Draper Fisher Jurvetson, J.P. Morgan, and Chevron Technology Ventures.

Last July, PG&E also agreed to buy 553 megawatts of solar power from Solel's Mojave solar park, which is under construction and due to begin operating in 2011. Solel, based in Beit Shemesh, is another leading developer of solar thermal energy technology.

Skypower mulls bid for Negev solar project

Sources inform ''Globes'' that Canadian renewable energy company SkyPower Corporation may participate in the tender for the Negev solar power plant at Ashalim. The $600-700 million tender is due to be published by the end of the month.

A SkyPower delegation recently visited Israel and held preliminary talks about cooperation with some of the Israeli companies planning to bid in the tender. SkyPower also asked for full information about the project from the Ministry of Finance, the Ministry of National Infrastructures, and the Ministry of Environmental Protection.

SkyPower is one of Canada's largest renewable energy companies. It specializes in the development, construction, and management of wind farms and solar energy power stations. The company is currently involved in 70 renewable energy projects in various stages of development, with aggregate capacity of 7,000 megawatts (MW). Most of the projects are in Canada and the US.

The BOT (build, operate, transfer) tender is for a 250-MW solar power station that will produce 2.5% of Israel's electricity needs. Other potential builders of the plant include Israeli solar power companies Solel and Luz II, a subsidiary of BrightSource Energy, Israel Corp. unit IC Green Energy Ltd., and Housing and Construction Holding Co. Ltd. (Shikun u'Binui). Spanish energy giant Abengoa and Babcock & Brown Capital Ltd. of Australia have also expressed interest in participating in the tender.

IC Green Energy to enter Negev solar power plant tender

Sources inform "Globes" that Israel Corp. subsidiary IC Green Energy will participate in the BOT (build, operate, transfer) tender for the Negev solar power plant at Ashalim.

IC Green Energy (ICG), headed by CEO Yom Tov Samia, was founded in 2006 by Israel Corp. to serve as its renewable energy arm. So far, ICG has examined a number of overseas projects in the field of alternative fuel and electricity generation. According to its web site, the company is focused on biofuel (biodiesel & ethanol), solar energy and the production of biofuel and energy from biomass.

Israel's first tender for a solar power plant will be for the construction of two power stations that will generate 250 megawatts altogether, amounting to 2.5% of Israel's power production. The project is valued at $600-700 million.

Other potential builders of the plant include Israeli solar power companies Solel and Luz II, a subsidiary of BrightSource Energy. Spanish energy giant Abengoa and Babcock & Brown Capital Ltd. of Australia have also expressed interest in participating in the tender.

For additional background information on this project, see:

"Israel Plans 250-MW solar power plant"

"Australian fund considers Negev solar plant bid"

Israel plans 250-MW solar power plant

Israel recently announced plans for the construction of a 250 megawatt solar power plant in the Negev, which is estimated will cost $600-$700 million. When completed, it will be one of the largest solar power plants in the world.

"Globes" reports that the World Bank is considering financing the project.

According to Ha'aretz, the tender for building the plant will not give preference to local firms, meaning that foreign firms can participate in the tender without a local partner. The decision was made, among other things, to avoid the impression that the tender was written for the benefit of the only two Israeli companies who could compete for the power station: Solel and Luz II, a subsidiary of BrightSource Energy.

The cabinet hopes that this change will make the tender more attractive to international firms with experience in the solar energy industry, and that the new conditions will allow the setting of appropriate minimum requirements for professionalism and financial strength for the bidders on the project.

Minister of National Infrastructures Benjamin Ben-Eliezer recently announced that the first stage of the tender will likely be published next month.

The power plant, which will be located near Ashalim in the western Negev and produce 250 megawatts of electricity, will be Build-Operate-Transfer (BOT), similar to Route 6, the Trans-Israel Highway. The winning bidder builds the plant, operates it for the license period, and at the end of the franchise transfers full ownership to the state.

A number of foreign companies have already expressed interest in the project, including Spanish energy giant Abengoa. Abengoa created a U.S. subsidiary earlier this year, Solucar Power, Inc., to respond to utility requests for electricity using concentrating solar power (CSP) technologies.

The real remaining question is which technology will be required for the power station: solar thermal or photovoltaic. The solar thermal method harnesses the sun's energy to heat a material, such as oil or water, from which it is possible to generate electricity, while the photovoltaic system transforms solar energy directly into electricity.

However, it also appears that even if one of the possible two tenders requires a photovoltaic system, the total amount of electricity from such a plant will not be over 50 megawatts, out of the total of 250 megawatts.

Jennifer Fonstad -- DFJ Tamir Fishman Ventures

Jennifer Fonstad, a managing director at Draper Fischer Jurvetson and DFJ's representative to the joint investment committee recently established with Tamir Fishman Ventures, discusses cleantech in a lengthy interview with Globes.

Fonstad, recently featured in an article on biofuels that appeared in the Venture Capital Journal, is enthusiastic about cleantech investment opportunities in Israel. She reports that DFJ portfolio company BrightSource Energy acquired Luz II, a Jerusalem-based developer of utility-scale solar power plants. GreenFuel Technologies, another DJF portfolio company, is working in Israel to develop a biofuel system. Fonstad singled out clean water technologies as an example of a sector where Israel is a global leader.