Companies often face unexpected market conditions that may cause them to change their plans. While it is not always possible to plan for every contingency, it may nonetheless be possible to create a well-rounded business plan that allows a company the flexibility to react quickly and effectively. California-based business startup BrightSource Energy recently experienced this first-hand.
BrightSource is a solar thermal company that builds large solar electric generating systems in desert regions. Currently, its flagship project is a 392-megawatt facility that it is constructing in the Mojave Desert, and which will be the largest solar thermal power plant in the world once construction is finished in 2013. It also recently received a $1.6 billion loan guarantee from the Department of Energy and was due to issue an IPO soon.