GlassPoint, Inc.
Country: USA
Award: Participant
"Solar Steam for Industrial Decarbonization"
GlassPoint is pioneering the decarbonization of industrial heat through large-scale solar-thermal technology. Their innovative system uses solar energy to produce steam, which replaces natural gas in industries like aluminum and mineral processing. With $3 billion in projects under development, GlassPoint has secured partnerships with leading companies in California and the Middle East. The company’s asset-light model leverages separate SPVs and infrastructure funds to finance projects, enabling rapid expansion. Their first revenues have already been generated, and they are positioned to scale through key project agreements and technology access fees.