BrightSource Energy was founded in 2004 by Arnold Goldman. In 2012, the company decided not to pursue a planned IPO, CEO and President John Woolard saying "While we received significant interest from potential investors, the continued market and economic volatility are not optimal conditions for an IPO." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
BrightSource is a clean energy company that builds, finances, and operates large scale solar power plants. While the company originally focused on projects based in the United States, in 2014 it shifted its focus to pursuing primarily overseas opportunities. The company has raised between $800 million and $1 billion in funding, yet since 2020 the headquarters telephone has directed callers directly to voicemail, and the most recent updates to the company website and social media pages are from 2017.