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BrightSource Gets $15 Million in Equity and Note Offering

BrightSource Energy Inc. (BRSE), the U.S. solar-thermal developer whose chief executive officer stepped down last month, raised $15 million in an equity and convertible promissory note offering with 44 unidentified investors.

It’s seeking to raise $35 million, according to a filing with the U.S. Securities and Exchange Commission today. Jared Blanton, a BrightSource spokesman, didn’t immediately reply to phone and e-mail messages seeking comment.

The company, based in Oakland, California, is backed by investors including venture-capital company VantagePoint Capital Partners, Morgan Stanley and Alstom SA, Europe’s second largest power-equipment company.

BrightSource CEO John Woolard announced his departure and a “transition to a new CEO” on the company’s blog June 6.

To contact the reporter on this story: Andrew Herndon in San Francisco at

To contact the editor responsible for this story: Reed Landberg at

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