GlassPoint Solar, a designer and manufacturer of solar steam generators for the oil and gas industry, has closed on $26 million in Series B funding. The company utilizes a technique known as thermal enhanced oil recovery (EOR) to maximize natural gas resources. The funding “is a key next step to future large-scale deployment of GlassPoint’s solar steam technology in [enhanced oil recovery] projects around the world,” according to a press release. Backing for the round came from Royal Dutch Shell, RockPort Capital, Nth Power and Chrysalix Energy Venture Capital.
