GlassPoint Solar

GlassPoint Solar

GlassPoint manufactures solar steam generators for the oil and gas industry..

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$2.5m

Valuation: $265m

Series A
Total Funding000k
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More about GlassPoint Solar
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GlassPoint is a pioneering company in the energy sector, specializing in the production of solar industrial process steam. The company serves a diverse range of clients, primarily multinational corporations in the energy and technology industries, including notable names like Royal Dutch Shell, AT&T, Intel, and Volkswagen. Operating in the global market, GlassPoint's core business model revolves around its proprietary enclosed trough technology, which has been deployed at scale in multiple projects across California and the Middle East. This technology allows GlassPoint to generate solar process steam in commercial quantities, significantly reducing carbon emissions by up to 80% without disrupting existing operations. The company generates revenue through long-term contracts and partnerships with its clients, offering a sustainable and cost-effective solution for industrial steam production. With over a decade of field experience and a strong track record, GlassPoint remains at the forefront of the energy transition, helping its customers decarbonize their operations. Key locations for the company include its corporate headquarters in New York, a technology center in Stuttgart, Germany, and an operations center in Whiteley, United Kingdom.

Keywords: solar steam, carbon reduction, enclosed trough technology, energy transition, industrial process steam, multinational clients, sustainable solutions, commercial quantities, long-term contracts, global operations.

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