Monday, June 6, 2011

eSolar Gets Investment From GE Energy

Pasadena-based eSolar, the developer of solar thermal power generation plants backed by Idealab, has scored a strategic investment from GE Energy, GE said Monday. Size of the new investment was not disclosed. According to GE, the deal also calls for GE to license and incorporate eSolar's technology into its own solar thermal power plant offerings. GE said it will also deploy eSolar's technology to customer worldwide. Along with GE, Turkish investor and power plant developer MetCap Energy Investments has also invested in eSolar.