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August 31, 2015 5:39 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of eSolar, Inc.

Company Overview

eSolar, Inc. develops and delivers modular and scalable solar thermal concentrated solar power(CSP) technology that utilizes small flat mirrors to track the sun and reflect the sun’s heat to a tower-mounted receiver to create steam, which powers a traditional turbine and generator to produce solar electricity. It provides heliostats, control and simulation products, CSP tower applications engineering. The company also offers design and reliability testing of heliostats; management of supply chain for heliostats; controls software to enable targeting of solar flux; simulation modeling to predict system performance; systems engineering to enable project developers and EPCs to implement technol...

3355 West Empire Avenue

Suite 200

Burbank, CA 91504

United States

Founded in 2007





Key Executives for eSolar, Inc.

Chief Executive Officer, President and Director
Age: 53
Chief Financial Officer
Age: 52
Executive Vice President of Projects
Senior Vice President of Engineering
Senior Vice President of Supply Chain
Compensation as of Fiscal Year 2015.

eSolar, Inc. Key Developments

eSolar Unveils Two New Product Offerings in Las Vegas

eSolar has unveiled two new product offerings at the 2013 SolarPACES conference in Las Vegas, Nevada. eSolar Project Manager Plazi Ricklin will showcase the company's new heliostat offering, the SCS5, during the "Solar Collectors" conference. Expanding upon eSolar's time-tested approach to solar collection, the SCS5 offers a more simplified design and enhanced reliability to reduce total installed solar collection system cost by more than a third. SCS5 will be commercially available in early 2014.

eSolar, Inc. Raises USD 22 Million for Expansion to the Middle East and North Africa

eSolar Inc. announced that it had secured USD 22 million in a funding round to back its expansion to the Middle East and North Africa and advance the SCS5 device. Existing supporters participated in the financing tranche, including US multi-stage venture capital firm Oak Investment Partners. eSolar explained that it had identified possible applications for its CSP technology for the production of steam for use in enhanced oil recovery (EOR) activities in the MENA region. In addition, the molten salt-based, on-site energy storage capacity of the company's product will allow for the reuse of produced water from the oilfield ‘offering a key differentiator’ to possible eSolar customers in the EOR segment. A portion of the proceeds from the latest financing round will go for the development of the next-generation SCS5 device. The company explained that the solution can enhance further the economics and construction efficiency of CSP power plants by bolstering the use of standard high-volume components and cutting the number of system elements.

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