In BrightSource IPO Failure, Rare Display of Solar Common Sense
There's a case to be made for solar thermal as part of the energy generation future specifically and the benefits of the storage technology -- especially as a complement to the build out of power plants using cheap natural gas -- and it's a case SolarReserve's Smith rightly focuses on and makes with level-headed sentiment.
That said, let the venture capital and private equity players who initially backed these firms continue to take the risk until the market for solar thermal shows itself to be stable and growing and better able to prove that these "perennial" challenges won't stand in the way of stable cash flow and earnings.
-- Written by Eric Rosenbaum from New York.
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