
GlassPoint Solar Stock
Manufacturer of solar steam generators
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About GlassPoint Solar Stock
GlassPoint is a provider of solar steam generators to the oil and gas industry for applications such as solar enhanced oil recovery (EOR). EOR typically uses natural gas to extract heavy and viscous oil from difficult-to-access oil fields. Unlike solar panels that generate electricity, solar EOR uses large, curved mirrors to focus sunlight on a boiler containing water. The concentrated energy boils the water to produce steam, which is then injected into an oil reservoir to heat the oil and reduce its viscosity, making it easier to extract and pump to the surface.
By replacing gas-fired steam generation with solar, GlassPoint aims to reduce EOR gas consumption. The gas saved can be redirected to higher value uses such as liquefied natural gas export, industrial development and power generation. GlassPoint's solar facilities are enclosed in a greenhouse in order to more efficiently protect the panels from the wind and for easier cleaning. These greenhouses are cleaned robotically at night and the water is reused for future cleaning. GlassPoint’s projects operate in global markets ranging from the Middle East to California.
Overview of GlassPoint Solar Miraah Project:
Source: GlassPoint Solar
Investors
Chrysalix Venture Capital
RockPort Capital
Royal Dutch Shell
Funding History
September 2010 | $5.5M |
---|---|
September 2010 | $26.4M |
September 2014 | $18.0M |
September 2017 | $37.6M |
Management
CEO
Steven Moss
CTO
Pete von Behrens
CFO
David Allsworth
Press
Forbes - Nov, 29 2019
Making The Old Economy More SustainableForbes - Mar, 7 2019
Capitalism Vs. Climate Change: The Case Of GlassPoint SolarTrade Arabia - Sep, 4 2018
GlassPoint Solar, PDO to launch new tech unitZAWYA - Sep, 3 2018
GlassPoint Solar, Petroleum Development Oman announce technology centreTimes of Oman - Jul, 30 2018
Oman's minister visits GlassPoint HQ in Californiathebusinesstactics.com - Jul, 30 2018
Global Concentrated Solar Power Market Scenario, Strategies, Growth Factors And Forecast To 2017-2026theaerospacenews.com - Jul, 27 2018
Solar Thermal Power System Market: Global Sales, Ex-factory Price, Revenue, Gross Margin Analysis 2023Energy News - Jul, 27 2018
Solar Thermal Power System Market Division, Growth, Opportunities, Applications, Major Manufacturers, Regions ...thebusinesstactics.com - Jul, 23 2018
Global Concentrated Solar Power Market In-depth Assessment, Demand And Forecast Until 2026ittechherald.com - Jul, 19 2018
Global Concentrated Solar Power Market Competitive Analysis: BrightSource Energy, Archimede Solar Energy ...Muscat Daily - Jun, 10 2018
GlassPoint partners with NAPCO to procure aluminiumTrade Arabia - Mar, 26 2018
GlassPoint Solar showcases technologies at Oman showBusiness Wire (press release) - Mar, 19 2018
GlassPoint Appoints Steven Moss as CEO to Bring Solar Powered Oil Production to New MarketsConstruction Week Online - Mar, 18 2018
Oman-based GlassPoint Solar appoints new CEOBusiness Wire (press release) - Feb, 27 2018
GlassPoint Appoints Donald Sullivan as Vice President of Projects in the Americas- Feb, 24 2018
Oman inaugurates giant solar plant to boost oilfield opsCleanTechnica - Feb, 14 2018
GlassPoint Completes Four Blocks Of 1 Gigawatt Miraah Solar Plant, Inaugurates ProjectRenewables Now - Feb, 13 2018
GlassPoint, PDO open 4 blocks of 1-GW solar thermal project in OmanJWN - Feb, 12 2018
GlassPoint inaugurates solar steam heavy oil production project in OmanEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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