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Google invests $10 million in solar thermal company

eSolar
Google's philanthropic arm, Google.org is following through on its promise to invest heavily in environmentally friendly projects. Today Google announced $25 million in grants to to support small business, improve public services, and help the environment. The single largest grant was a $10 million investment in eSolar, a solar thermal energy startup.

The company is developing a low cost method for setting up solar thermal power plants quickly. Rather than building huge solar panels, eSolar's solution uses an array of smaller panels. This makes them easier and cheaper to manufacture, and makes it easy to install the solution at small or larger power plants. eSolar says their solution is scalable and can be used to build power plants that produce anywhere from 25MW to 500MW of electricity.

[via TechCrunch]

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