eSolar was founded by the Pasadena-based business incubator Idealab (founded by Bill Gross) in 2007 as a developer of concentrating solar power (CSP) plant technology. eSolar focuses on producing cost–competitive solar technology solutions which are based on pre-fabricated design with intelligent solar power tracking to provide electricity ranging from 46 MW to over 500 MW . This is a privately held company.
The company has its corporate headquarters in Burbank, California, US. The company targets the solar energy markets in US and South Africa .
Business line, products and service offerings:
The company aims to develop solar technology through a combination of small heliostats, modular architecture, and a high-precision sun-tracking system. The company innovates on intelligent power tracking devices and soft wares. The company has a patented heliostat design and a patent-pending power tracking software which processes the information obtained from the thermal receiver. Sierra Suntower is one its major projects, this 5 MW project in California is a demonstration of the company’s technology. This project consists of 2 modules, spread over 20 acres with 2 towers. The Southern California Edison is one of the major clients for the company, which partnered with eSolar for developing the Sierra Suntower in California.
eSolar has partnered with energy companies around the world to complete the integration required for the power systems, which ranges from technology development and component manufacturing to power plant construction and operation. Some of the partners include:
- General Electric
- NRG Energy
- ACME Group
- Penglai Electric
- The Babcock & Wilcox Company
Venture Capital/Investors: The company has secured over USD 182 million in investments. The company is backed by institutional and technology investors such as:
- NRG Energy, Inc.
- OAK Investment Partners
- Quercus Trust
Top Management :
- CEO and President – John Van Scoter
- Chairman – Bill Gross
- June 6, 2011 – GE Energy announced that it had entered into an investment and licensing agreement with eSolar that enables GE (NYSE: GE) to deploy Integrated Solar Combined Cycle (ISCC) technology to customers worldwide.
- February 7, 2011 – eSolar announced that it had entered into an agreement with Flextronics (NASDAQ: FLEX) for design services relating to next generation heliostats and solar collector systems.
- January 8, 2010 – eSolar and Penglai Electric, a privately-owned Chinese electrical power equipment manufacturer, announced a master licensing agreement to build at least 2 gigawatts (GW) of solar thermal power plants in China over the next 10 years.
3355 W. Empire Avenue
Burbank, CA 91504, USA
fax : 818-303-9501