Alstom Invests $75 Million In BrightSource Energy


Alstom, a company involved in power generation, power transmission and rail infrastructure, has invested $75 million in BrightSource Energy Inc. This new transaction further reinforces Alstom's partnership with BrightSource, following Alstom's $55 million initial investment in the company in May 2010 and the partnership agreement signed in August 2010, to provide fully integrated solar thermal power plants.

This latest investment positions Alstom as BrightSource Energy's second-largest shareholder, the companies note. Alstom and BrightSource are currently partnering in countries, such as in the Mediterranean ring and Africa, where solar conditions best suit BrightSource's tower technology and where Alstom has a proven track record in engineering and construction of power plants.

Alstom's expertise in steam turbine technology – together with its integrated power plant solutions – will complement BrightSource's solar technology to offer highly efficient solar thermal power plants, according to the companies.

SOURCE: Alstom

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