Ausra Announces New Funding Facility

SI Staff
by SI Staff
on April 22, 2009 No Comments
Categories : FYI

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.

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