BRIGHTSOURCE ENERGY

Company Snapshot

Founded: 2006
Entity Type: Private
Region: Israel
Headquarter: Jerusalem, Israel
Key Geographics: Israel, U.K.
Corporate Address: 11 Kiryat HaMada Street Jerusalem Israel Tel. NA www.brightsourceenergy.com/

Company Overview

BrightSource Energy Inc. is an American-Israeli enterprise active in the development of CSP generation facilities. The company emerged with assets and personnel from the bankrupt company Luz International, which built the SEGS parabolic trough plants in Nevada between 1985 and 1991. BrightSource Energy’s manufacturing and technology development branch, BrightSource Industries, is alternatively known as Luz II and has developed proprietary designs from Luz International regarding power tower designs.

In 2013, the Ivanpah Solar Electric Generating System, a 377-MW solar power plant utilizing BrightSource technology came online, delivering power under 25-year power purchase agreements to Pacific Gas and Electric Co. and Southern California Edison.

In December 2019, BrightSource Energy developed a solar-cured coating for DEWA Tower CSP. The coating was designed for longer service lifetime and higher absorptance than the standard Pyromark coating and to help reduce O&M costs.

BRIGHTSOURCE ENERGY In Reports

Solar Energy Markets

BCC Research Market Report says global market for solar power technologies is estimated to increase from $182.5 billion in 2022 to $371.7 billion by 2027, at a CAGR of 15.3% during 2022-2027.

Grid-Scale Electricity Storage Technologies: Global Markets

BCC Market Research Report for Grid-Scale Electrical energy Storage system. Get market size estimates and forecasts for the global market and all major market segments through 2025.

Solar Energy Markets: A BCC Research Outlook

The global market for solar power technologies should grow from $143.3 billion in 2018 to $286.3 billion by 2023 at a compound annual growth rate of 14.9% during the forecast period of 2018-2023.

Company's Business Segments

  • Energy Management System Services : This segment of BrightSource Energy is a Cloud-Hosted, modular platform designed to optimize and enhance Renewable Energy Resources such as Photovoltaics, Battery Storage, Microgrids, Wind turbines, Electric Vehicle Charging Stations.

Applications/End User Industries

  • Solar
  • Battery Storage
  • Microgrids
  • Wind Turbines
  • Electric Vehicle Charging Stations
  • Energy Management
  • Energy Bid Optimization
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