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Peter Thiel, Bill Gates, Khosla Get Behind Energy Storage Start-Up LightSail in $37M Deal

November 5, 2012

A clean-tech start-up that thinks it has solved a problem that has vexed engineers for decades–how to effectively store energy generated by wind and sunshine–has gained some heavyweight financial backers.

Danielle Fong and her co-founders are attempting to solve a problem that has long bedeviled engineers.
An investment group that includes Bill Gates and Peter Thiel, the co-founder of PayPal and the first outside investor inFacebook Inc. FB +0.91%, has poured $37.3 million into LightSail Energy, a three-year-old start-up dreamed up by a Princeton graduate school dropout. Thiel led the investment.