Brightsource announces new Partnership with Bechtel

Source: Company

Source: Company

Brightsource announced that they selected Bechtel as their Engineering firm of choice for their 2010 Ivanpah Solar Electricity Generating System. The press release claims that the economic value of the Contract (and presumably the Plant itself) is some US$3bn. Only in December 2008, Brightsource announced that they contracted with Siemens (Siemens builds the largest Power Steam Turbine). The 123MW turbine is first large scale project of its kind.

Brightsource continues to impress with their execution. It appears that the Management Team is determined to prove its execution capabilities. Its Investor must be proud that this flagship project is continuuing to demonstrate momentum.

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