Bright Source Energy

Bright Source Energy Inc. of Oakland, Calif. has closed its Series A funding round, according to VentureWire, which says the round was worth “under $50 million.” Backers include VantagePoint Venture Partners, Draper Fisher Jurvetson and Bay Area Equity Fund. The company develops utility-scale solar power plants using high-temperature solar thermal technology that concentrates sunlight and converts the resulting heat into electricity.