MIG Capital invests $2.5 million in GlassPoint to enhance clean, solar steam technology for industrial processes, fostering innovation and decarbonization in the industrial heating sector.

Target Information

MIG Capital has announced a strategic investment of $2.5 million in GlassPoint, a leader in the clean-tech sector specializing in solar steam generation for industrial processes. This investment is part of a Series A extension round that included previous investor 300PPM and several high-profile private investors. GlassPoint leverages patented technology to provide fully decarbonized, cost-effective steam, significantly helping industries reduce their carbon emissions.

With operations in countries such as Germany, the USA, the UK, and the Middle East, GlassPoint's 'enclosed trough' technology is specifically designed to meet the needs of industrial clients, particularly in remote and harsh environments. This innovative solar thermal solution shows promise for a range of industries, including mining and metallurgy, where CO2 reductions are otherwise challenging to implement.

Industry Overview

In recent years, the global demand for clean energy solutions has surged as industries aim to decrease their carbon footprints and comply with increasingly stringent regulations. This trend is particularly evident in the industrial heat