GlassPoint is the leading provider of solar steam generators to the oil and gas industry. When used for Enhanced Oil Recovery (EOR), GlassPoint solar steam generators reduce natural gas consumption by up to 80%, redirecting gas resources to higher value applications such as electricity generation and export. GlassPoint's solar EOR solution delivers steam at costs competitive with gas-fired steam generation, enabling producers to economically recover more oil. GlassPoint drives lower costs by enclosing lightweight components within a glasshouse to seal the system from sand, dust, dirt and high humidity typical of oilfield environments throughout the world. The company is headquartered in Fremont, California with offices in Bakersfield, California, Muscat, Oman and Shenzhen, China.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 12/11/12 | $26,000,000 | Series B |
Chrysalix Energy Venture Capital Nth Power RockPort Capital Royal Dutch Shell | undisclosed |
| 09/08/14 | $53,000,000 |
Chrysalix Energy Venture Capital Nth Power RockPort Capital Royal Dutch Shell State General Reserve Fund | undisclosed | |
| 07/31/23 | $8,000,000 | Series A |
300PPM Malcolm Turnbull Tomas Sigurdsson | undisclosed |
