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§ Private Profile · Fremont, CA, USA
Solar steam generator manufacturer using enclosed trough technology for industrial heat decarbonization in oil & gas, mining, manufacturing.
Based in New York City, GlassPoint Solar designs and manufactures solar steam generators that utilize enclosed trough technology to produce emission-free steam for heavy industrial processes. The company utilizes a steam as a service business model aimed at decarbonizing industrial heat across the oil and gas, mining, metals, and manufacturing sectors. Prior to a 2020 liquidation and a subsequent 2022 restructuring, the enterprise reached a $400 million enterprise value, generated $100 million in revenue, and employed 300 people worldwide. GlassPoint Solar has secured more than $130 million in venture capital funding from prominent backers including Shell Ventures and RockPort Capital. The firm provides commercial solar enhanced oil recovery solutions to major corporate customers such as Berry Petroleum and Saudi Arabian Mining Company. The organization was originally founded in 2009 by Rod MacGregor and Pete Von Behrens.
GlassPoint Solar has raised $109.5M across 5 funding rounds.
GlassPoint Solar has raised $109.5M in total across 5 funding rounds.
GlassPoint Solar has raised $109.5M across 5 funding rounds. Most recently, it raised $20.0M Other Equity in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 26, 2026 | $20M Venture Round | Takashi Sato | MIG Capital | Announced |
| Jul 2, 2024 | $2.5M Series A Plus | Howar Talabany, Soren Hein | Malcolm Turnbull, Tomas Sigurdsson | Announced |
| Jul 31, 2023 | $8M Series A | 300ppm | Malcolm Turnbull, Tomas Sigurdsson | Announced |
| Sep 8, 2014 | $53M Venture Round | — | Chrysalix Energy Venture Capital, NTH Power, RockPort Capital, Geert VAN DE Wouw, Abdulsalam Almurshidi | Announced |
| Dec 11, 2012 | $26M Series B | — | Chrysalix Energy Venture Capital, NTH Power, RockPort Capital, Geert VAN DE Wouw | Announced |
GlassPoint Solar has raised $109.5M in total across 5 funding rounds.
GlassPoint Solar's investors include Takashi Sato, MIG Capital, Howar Talabany, Soren Hein, Malcolm Turnbull, Tomas Sigurdsson, 300PPM, Chrysalix Energy Venture Capital, Nth Power, RockPort Capital, Geert van de Wouw, Abdulsalam Almurshidi.