Tuesday, September 30, 2008

eSolar Inks Technology License Deal With Sundrop Fuels

Pasadena-based solar thermal technology developer eSolar has inked a deal with another clean technology firm, Sundrop Fuels, the company announced today. According to eSolar, it will supply its heliostat and sun tracking technology to Sundrop Fuels, and also make that technology available to other prospective partners and customers. eSolar said the multi-million dollar deals calls for it to supply solar collecting equipment to Colorado-based Sundrop Fuels, a Kleiner Perkins Caufield & Byers and Oak Investment Partners-backed solar energy firm. Exact details on the size of the contract were not provided. eSolar said the licensing will augment its core solar thermal power plant business. eSolar is venture backed by Google, Idealab, and Oak Investment Partners.

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