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BrightSource Energy
BrightSource Energy, Inc. is an Oakland, California based, corporation that designs, builds, finances, and operates utility-scale solar power plants. Greentech Media ranked BrightSource as one of the top 10 greentech startups in the world in 2008. History BrightSource was formed with seed capital from VantagePoint Venture Partners. It secured $115 million in additional corporate funding from its Series C round of financing in May 2008, bringing the total the company has raised at that time to over $160 million. Investors include Google.org, BP Alternative Energy, Morgan Stanley, DBL Investors, Draper Fisher Jurvetson, Chevron Technology Ventures, Statoil Venture, and Black River. By May 2010, the total amount raised was $337 million. BrightSource Industries (Israel) Ltd., formerly named Luz II Ltd., is a wholly owned subsidiary of BrightSource Energy, Inc. Based in Israel, BrightSource Industries is responsible for solar technology development, plant design ...
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Ivanpah Solar Power Facility
The Ivanpah Solar Electric Generating System is a concentrated solar thermal plant in the Mojave Desert. It is located at the base of Clark Mountain in California, across the state line from Primm, Nevada. The plant has a gross capacity of 392 megawatts (MW). It deploys 173,500 heliostats, each with two mirrors focusing solar energy on boilers located on three tall solar power towers. The first unit of the system was connected to the electrical grid in September 2013 for an initial synchronisation test. The facility formally opened on February 13, 2014. In 2014, it was the world's largest solar thermal power station. The $2.2 billion facility was developed by BrightSource Energy and Bechtel. The largest investor in the project was NRG Energy which contributed $300 million. Google contributed $168 million. The United States government provided a $1.6 billion loan guarantee and the plant is built on public land. In 2010, the project was scaled back from i ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Southern California Edison
Southern California Edison (or SCE Corp), the largest subsidiary of Edison International, is the primary electricity supply company for much of Southern California. It provides 15 million people with electricity across a service territory of approximately 50,000 square miles. However, the Los Angeles Department of Water and Power, San Diego Gas & Electric (SDG&E), Imperial Irrigation District, and some smaller municipal utilities serve substantial portions of the southern California territory. The northern part of the state is generally served by the Pacific Gas & Electric Company of San Francisco. Other investor-owned utilities (IOUs) in California include SDG&E, PacifiCorp, Bear Valley Electric, and Liberty Utilities. Southern California Edison (SCE) still owns all of its electrical transmission facilities and equipment, but the deregulation of California's electricity market in the late 1990s forced the company to sell many of its power plants, though some were probably sold ...
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Solar Power
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovoltaic effect. Concentrated solar power systems use lenses or mirrors and solar tracking systems to focus a large area of sunlight to a hot spot, often to drive a steam turbine. Photovoltaics were initially solely used as a source of electricity for small and medium-sized applications, from the calculator powered by a single solar cell to remote homes powered by an off-grid rooftop PV system. Commercial concentrated solar power plants were first developed in the 1980s. Since then, as the cost of solar electricity has fallen, grid-connected solar PV systems have grown more or less exponentially. Millions of installations and gigawatt-scale photovoltaic power stations continue to be built, with half of new generation capacity being solar in 2021. ...
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Photovoltaics
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially used for electricity generation and as photosensors. A photovoltaic system employs solar modules, each comprising a number of solar cells, which generate electrical power. PV installations may be ground-mounted, rooftop-mounted, wall-mounted or floating. The mount may be fixed or use a solar tracker to follow the sun across the sky. Photovoltaic technology helps to mitigate climate change because it emits much less carbon dioxide than fossil fuels. Solar PV has specific advantages as an energy source: once installed, its operation generates no pollution and no greenhouse gas emissions, it shows scalability in respect of power needs and silicon has large availability in the Earth's crust, although other materials required in PV system m ...
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Concentrating Solar Power
Concentrated solar power (CSP, also known as concentrating solar power, concentrated solar thermal) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight into a receiver. Electricity is generated when the concentrated light is converted to heat (solar thermal energy), which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction. CSP had a global total installed capacity of 6,800  MW in 2021, up from 354 MW in 2005. Spain accounted for almost one third of the world's capacity, at 2,300 MW, despite no new capacity entering commercial operation in the country since 2013. The United States follows with 1,740 MW. Interest is also notable in North Africa and the Middle East, as well as China and India. The global market was initially dominated by parabolic-trough plants, which accounted for 90% of CSP plants at one point. Since about 2010, central po ...
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Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ...
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Las Vegas Sun
The ''Las Vegas Sun'' is one of the Las Vegas Valley's two daily Subscription business model, subscription newspapers. It is owned by the Greenspun family and is affiliated with Greenspun Media Group. The paper published afternoons on weekdays from 1990 to 2005 and is now included as a section inside the pages of the morning ''Las Vegas Review-Journal'' but continues operating exclusively on its own website. Its publisher and president is Brian Greenspun, former publisher Hank Greenspun's son, who was a college roommate of President of the United States, President Bill Clinton. It has been described as "politically liberal." History The ''Las Vegas Sun'' was first published on May 21, 1950, by Hank Greenspun, who served as its editor until his death. Hank acquired the ''Las Vegas Free Press'' and two weeks later renamed it to the ''Las Vegas Sun''. He started the ''Las Vegas Sun'' after he received a US$1,000-loan from businessman Nate Mack. From its founding the paper was pu ...
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Coyote Springs, Nevada
Coyote Springs, Nevada, is a master-planned community being developed in Lincoln County and Clark County, Nevada. The community was initially planned by developer and attorney-lobbyist Harvey Whittemore and Pardee Homes. Thomas Seeno and Albert Seeno, Jr. became the sole owners of Coyote Springs following Whittemore's resignation from the Wingfield Nevada Holding Group amidst legal troubles. No homes had been built as of June 2018. Current development A golf course designed by Jack Nicklaus has been constructed, but additional work was put on hold due to the economic recession in the United States and complex legal issues. The planned development has attracted controversy because of environmental concerns and allegations of political favoritism. Location The community was planned to cover or . While mostly in Lincoln County, initial development was planned for the Clark County portion of the land. Coyote Springs is located between U.S. Route 93 on the west and the Meadow Va ...
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Power Plant
A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many power stations contain one or more generators, a rotating machine that converts mechanical power into three-phase electric power. The relative motion between a magnetic field and a conductor creates an electric current. The energy source harnessed to turn the generator varies widely. Most power stations in the world burn fossil fuels such as coal, oil, and natural gas to generate electricity. Low-carbon power sources include nuclear power, and an increasing use of renewables such as solar, wind, geothermal, and hydroelectric. History In early 1871 Belgian inventor Zénobe Gramme invented a generator powerful enough to produce power on a commercial scale for industry. In 1878, a hydroelectric power station was designed and built by Wil ...
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Solar Thermal
Solar thermal energy (STE) is a form of energy and a technology for harnessing solar energy to generate thermal energy for use in industry, and in the residential and commercial sectors. Solar thermal collectors are classified by the United States Energy Information Administration as low-, medium-, or high-temperature collectors. Low-temperature collectors are generally unglazed and used to heat swimming pools or to heat ventilation air. Medium-temperature collectors are also usually flat plates but are used for heating water or air for residential and commercial use. High-temperature collectors concentrate sunlight using mirrors or lenses and are generally used for fulfilling heat requirements up to 300 deg C / 20 bar pressure in industries, and for electric power production. Two categories include Concentrated Solar Thermal (CST) for fulfilling heat requirements in industries, and Concentrated Solar Power (CSP) when the heat collected is used for electric power generation. C ...
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Siemens
Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (Siemens Healthineers), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the industrial automation division. In this area, it is regarded as a pioneer and the company with the highest revenue in the world. The corporation is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021 according to its earnings release. History 1847 to ...
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