brightsource

For BrightSource, Southern California Edison was willing to pay extra for a plant that could deliver when the sun was not shining.

Ivanpah needs all this money because BrightSource's technology requires it to be vast compared with other types of solar installation.

Still, BrightSource's future looks much dimmer than it did just a few weeks ago.

In the year since BrightSource announced its IPO, however, clouds have formed over the U. S. solar industry.

Hours later, BrightSource announced it was canceling the public stock offering. It cited "adverse market conditions. "

This month, in the Mojave Desert, a company called BrightSource plans to break ground on a revolutionary new type of solar power plant.

BrightSource heats water that can be used immediately as steam or to heat salt for storage.

China isn't the only reason companies like Evergreen, Solyndra, and BrightSource have struggled.

BrightSource is an Oakland-based thermal power plant developer that is currently in registration for a $250 million IPO.

IN THE past few months BrightSource Energy, based in California, has signed the world's two largest deals to build new solar-power capacity.

Amid the gloom, BrightSource's star still shone.

BrightSource hadn't yet figured out how to make solar thermal power as cheap as wind turbines or photovoltaics.

BrightSource, an Oakland competitor, is licensed to build 2, 600 megawatts of capacity across 14 plants.

The wind and solar industries in America "were dead in the fourth quarter, " said John Woolard, chief executive of BrightSource Energy