Glasspoint Closes $8M Series A To Help Industry Meet Pressing Net-Zero Goals
07/31/23, 1:02 PM
Location
new yorkMoney raised
$8 million
Industry
solar
renewable energy
energy
manufacturing
Round Type
series a
Investors
Glass Point, Former Alcoa Coo Tomas Sigurdsson, Former Australian Prime Minister Malcolm Turnbull, 300 Ppm
Today, GlassPoint, the leader in decarbonizing industrial process heat, closed an $8M series A investment led by 300PPM and joined by former Australian prime minister Malcolm Turnbull, former Alcoa COO Tomas Sigurdsson and several additional industrial leaders. GlassPoint will use the investment to expand operations to help industrial companies decarbonize and meet looming net-zero commitments with the only solution proven to decarbonize industrial process heat at scale.
Company Info
Location
new york, new york, united states
Additional Info
By harnessing sunshine to produce steam, GlassPoint helps industry leaders reduce their carbon emissions at the lowest possible cost. GlassPoint designed its enclosed trough technology specifically to address the needs of industrial users, especially those operating in remote and harsh environments. Enclosed trough technology has been deployed at scale in multiple projects in California and the Middle East.