Chevron Technology Ventures (CTV), the corporate venturing unit of US-based energy conglomerate Chevron, on Monday launched a demonstration project to test the viability of using solar energy in oil production.
The technology, engineering and construction will be handled by US-based solar energy company BrightSource Energy, a recipient of CTV investment. CTV was one of BrightSource’s backers in its June 2008 series C round, which raised $115m. Altogether, Brightsource has secured more than $750m in funding from investors including search…
