Broadside Enterprises Inc (BRSE)

Description:

BrightSource Energy Inc was formed on April 5, 2004, as Luz II, LLC, a Delaware limited liability company, and began its operations on May 1, 2006. On August 17, 2006, the LLC was converted to Luz II, Inc., a Delaware corporation, and changed its name to BrightSource Energy, Inc. in May 2007. BrightSource is a solar thermal technology company that designs, develops and sells proprietary systems that produce reliable, clean energy in utility-scale electric power plants. Its systems use proprietary solar power tower technology to deliver cost-competitive renewable electricity with characteristics highly valued by utilities, such as reliability and consistency. Its systems are also used by industrial companies to create high-temperature steam for use in applications such as thermal enhanced oil recovery, or EOR. The Company's systems use fields of tracking mirrors, known as heliostats, controlled by its proprietary software to concentrate sunlight onto a solar receiver/boiler unit to produce high-temperature steam. The Company primarily sells systems using its proprietary technology. In addition, the company provides technical services related to the design, engineering and operation of its systems and provides overall project development services. The Company competes in the utility-scale power and thermal EOR markets. In the United States, our project companies and third-party projects that use our solar thermal technology are subject to extensive regulation by various federal, state and local government agencies.