I was really interested by this proposal. I looked at their own site
here and had a bit of a time finding info. For example the page specifically about the Arizona project doesn't have anything dated later than 2009 on it.
The media section contains some more recent information (one link leading directly to the article posted here). It's all really quite vague actually in terms of actually saying how much money has already been invested, who the investors are, what kind of agreements have been reached with the southern california power agency.
Other links that sound more interesting like "EnviroMission Secure $30,000,000 Debt/Equity Facility" link to basically nothing
link
So color me skeptical, but hopeful