Pasadena-based eSolar has created the world’s first solar powerplant that is competitive with fossil fuels. Their plan is to build more of these power plants throughout California.

eSolar’s approach to solar power is very simple & innovative (a trademark of just about everything Idealab produces) and so their business will scale exceptionally well. eSolar also has one of the most respected management teams in the industry.

In the video below, Bill Gross spoke about this technology at the 2003 TED conference.

Tags   bill gross  esolar  pasadena  power plant  solar  ted