ESolar Gets $22 Million Investment to Fund Expansion Effort

ESolar Inc., the General Electric Co.-backed maker of concentrated-solar systems, received $22 million from existing investors including Oak Investment Partners to expand in the Middle East and North Africa.

ESolar also will use the funds to develop its next-generation heliostat model, the closely held Burbank, California-based company said today in a statement.

GE bought a minority stake in the company in 2011.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE