French power giant Alstom and VantagePoint Capital Partners led the round. Additional investors include DFJ, CalSTRS, DBL Investors, Goldman Sachs, Chevron Technology Ventures and BP Ventures, among others.
As part of the financing round, BrightSource, based in Oakland, California, and Alstom have expanded geographic partnerships to build solar thermal power plants in India and Australia. In October 2010, the companies announced they would work together in countries bordering the Mediterranean and in Africa.
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