BrightSource Energy, a US-based solar thermal company backed by numerous corporate venturing units including France-based power equipment company Alstom’s, has raised $80m following its failure to float in April.

The series F round takes BrightSource’s total equity raised to more than $615m, excluding more than $1.6bn in US governmnet and other loans to help build its Ivanpah installation of solar panels designed to concentrate the sun’s energy on a central tower.

Alstom Power and venture capital (VC) firm VantagePoint Venture Partners co-led the F round.

The other investors include corporate venturing units from oil majors Chevron and BP, VC firms Draper Fisher Jurvetson and DBL Investors, pension fund California State Teachers’ Retirement System (CalSTRS) and investment bank Goldman Sachs.

In April, BrightSource shelved its flotation on Nasdaq stock exchange, citing “market conditions”. The company planned to raise between $144.9m and $158.7m, it had said on March 30 after agreeing a…

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