Brightsource to Supply Technology for China Power Plant

BrightSource Energy Inc. (BRSE), the U.S. solar-thermal developer whose chief executive officer stepped down last month, has agreed to supply its technology to China Power Investment Corp. and the China Renewable Energy Engineering Institute to be used in a commercial-scale power plant.

The developer, which has almost finished building the 377-megawatt Ivanpah project in California, also is modifying an existing agreement with Huanghe Hydropower Development Co., Brightsource said today in a statement. Terms were not disclosed.

Jared Blanton, a spokesman for the Oakland, California-based company, didn’t immediately reply to phone and e-mail messages seeking comment.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Charles Siler at csiler@bloomberg.net

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