GlassPoint develops solar thermal technology that relies on mirrors focusing sunlight onto pipes filled with water, heating that water to make steam. Its technology is at the heart of the Miraah in Oman, one of the largest solar thermal plants in the world and in operation since 2018, producing steam that helps recover heavy crude oil. GlassPoint, which sells solar-generated steam for industrial uses, is one of several businesses chasing climate-tech ideas that struggled in the past, but now expect better results amid greater focus on carbon-emissions reductions. The new version of GlassPoint has raised $8 million in a Series A round led by new investor 300PPM.

https://www.wsj.com/articles/solar-startup-glasspoint-lands-8-million-after-a-reboot-6d31c658