Solar startup Ausra acquired (San Jose)

Areva said Monday it will acquire Ausra Inc., which provides large-scale concentrated solar power for electricity generation and industrial steam production.

Paris-based Areva did not disclose financial or other terms of the deal.

Areva said the market for concentrated solar power plants is expected to post an average annual growth rate of 20 percent.

Read the full story in the Silicon Valley/San Jose Business Journal.

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