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GlassPoint, the leader in decarbonizing industrial process heat, today unveiled a range of technology advances that drive a 30% reduction in the cost of solar steam. In addition, the company revealed a new Unify storage system which uses direct heat and ternary molten salts to provide around-the-clock steam for industry, eliminating the need for costly …
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When thinking about renewable energy, most people conjure visions of solar panels on rooftops or elegant white wind turbines, few imagine the humble greenhouse. And yet, a greenhouse with a twist is key to a groundbreaking solution in bringing net-zero to the tough-to-disrupt industrial heat sector. Industrial heat is the world’s largest end-use of energy …
GlassPoint, a Concentrated Solar Power startup that specializes in selling solar-generated steam for industrial uses, is revamping its strategy to ensure it can better navigate future challenges. The company, along with other climate-tech ventures, is anticipating improved results due to the increased focus on carbon emissions reduction. One of the main factors that differentiate GlassPoint’s …
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The new GlassPoint sells solar steam as a service, rather than requiring customers to buy the project “Now a lot of our pipeline of companies that we’re now in discussion with is in Australia, where electricity prices are high, so electrifying is just far too expensive,” he said. Ten years ago, GlassPoint CEO Rod MacGregor …
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GlassPoint Solar, a venture capital startup that focuses on the use of solar energy for steam generation in heavy oil production, has gone into liquidation after taking a hit by the COVID-19 crisis. The proceedings were announced by Oman’s State General Reserve Fund (SGRF), which is a shareholder in the company with a 31% stake. …
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In the past year of 2018, China completed a total capacity of 215 MW concentrated solar power (CSP) projects, almost 7 times of the 30 MW capacity made before 2018. China has become the No.5 country owning the biggest CSP capacity, and the most popular emerging CSP market with Morocco by contributing 23% of the …
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US-based GlassPoint Solar, a leading supplier of solar energy to the oil and gas industry, said it has signed a deal with Occidental of Oman for the development of a 2 GW solar thermal energy plant at the Mukhaizna oilfield in the sultanate. As the lead developer of the proposed project, GlassPoint would deploy its …
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