Ausra Announces $25.5 Million Equity Funding Facility for Business Expansion

Khosla Ventures, Kleiner Perkins, Kern Partners, Generation Investment Management and Starfish reinvest in Ausra's cost-competitive solar thermal energy systems

MOUNTAIN VIEW, Calif., April 21 /PRNewswire/ -- Ausra, Inc., a leading provider of solar thermal energy systems for industrial processes and large-scale electricity generation, announced today a $25.5 million equity funding facility. Funds from the new equity facility are available to Ausra for expansion and acceleration of the company's solar thermal energy equipment supply business.

Investors in this equity financing include Ausra's founding investors, Silicon Valley-based Khosla Ventures and Kleiner Perkins Caufield & Byers; and its newest international investors KERN Partners of Calgary, Alberta, Canada; Generation Investment Management, based in London, England; and Starfish Ventures of Melbourne, Australia. The investor group has mutually committed these funds in support of Ausra's cost-competitive solar thermal energy technology, experienced management team and global expansion opportunities for existing power generation and industrial process steam applications.

About Ausra, Inc.

Ausra delivers energy from the sun. The company provides solar power, steam and energy systems for industrial processes and electricity generation. The company is a leader in solar thermal energy design, development and manufacturing and is committed to serving the global energy needs of its customers in a dependable, market-competitive and environmentally responsible manner. Headquartered in Mountain View, Calif., Ausra is a privately held company with operations in the United States and Australia. To learn more about Ausra and solar thermal energy, visit www.ausra.com.

SOURCE Ausra, Inc.