SolarReserve Receives $15,000,000 New Round

  • Feed Type
  • Date
    8/25/2011
  • Company Name
    SolarReserve
  • Mailing Address
    2425 Olympic Blvd. Santa Monica, CA 90404
  • Company Description
    SolarReserve was formed to solve two of the fundamental barriers of renewable energy: scalability and storage. Unlike hydroelectric, geothermal, biomass, and other renewable energy technologies that use limited renewable fuel sources, SolarReserve’s power plants draw their heat from the sun – earth’s ultimate source of clean energy. And unlike wind and photovoltaics, SolarReserve’s power plants can deliver power whenever it is needed, either 24 hours per day or only during peak demand. By overcoming these two key barriers, SolarReserve enables utility-scale, clean, renewable electricity generation.
  • Website
    http://www.solar-reserve.com
  • Transaction Type
    Debt
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. Amount may include options, warrants or other rights to acquire other securities. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed

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