GlassPoint Selected As 2013 Energy Innovation Pioneer by IHS CERA

  GlassPoint Selected As 2013 Energy Innovation Pioneer by IHS CERA

  CEO Rod MacGregor to discuss using solar for thermal Enhanced Oil Recovery
                            (EOR) at CERAWeek 2013

CERAWeek 2013

Business Wire

FREMONT, Calif. -- March 4, 2013

GlassPoint Solar, the global leader in solar enhanced oil recovery (EOR),
today announced it has been selected as an Energy Innovation Pioneer by IHS
CERA, one of the world’s leading energy research firms. Pioneers will be
recognized at CERAWeek 2013, March 4-8 in Houston, TX, where GlassPoint CEO
Rod MacGregor will present on the advantages of using solar steam generators
to expand oil production in gas-constrained regions.

The Energy Innovation Pioneers program honors innovative and distinctive new
technologies transforming the energy future. GlassPoint and its Enclosed
Trough technology for solar EOR were chosen among a field of 250 candidates by
IHS technical experts for its creativity, feasibility of plan, scalability of
technology and leadership team. As part of the program, MacGregor will host a
breakfast session on Tuesday and a formal presentation on Wednesday afternoon
to discuss how low-cost, emissions-free solar steam can boost heavy oil
production.

GlassPoint is backed by supermajor Royal Dutch Shell plc group, and leading
energy investors RockPort Capital, Nth Power and Chrysalix Energy Venture
Capital. The company currently has two commercial-scale EOR projects, one in
Kern County, California on a field owned by Berry Petroleum and a 7MW project
in Southern Oman for Petroleum Development Oman.

                                CERAWeek 2013

Who:
Rod MacGregor, CEO & President of GlassPoint Solar, the global leader in solar
EOR.

What:
MacGregor will be participating in the Energy Innovation Pioneers program,
which includes a breakfast session and Innovation Pioneer Talk at CERAWeek
2013. CERAWeek is the leading gathering of senior energy decision-makers from
around the world, with keynote presentations from the CEOs of Saudi Aramco,
ConocoPhillips and BP.

During the sessions MacGregor will discuss:

  *Using the sun’s thermal energy to generate steam for heavy oil production
    from California to the Middle East.
  *How solar steam generation can reduce natural gas burned in EOR operations
    by up to 80 percent, releasing gas resources for higher value applications
    such as electricity generation and export.
  *GlassPoint’s Enclosed Trough design, which uses a glasshouse enclosure to
    protect the system from high winds, sand and dust common of oilfield
    environments and reduces land use and operating costs.

When:
Energy Innovation Pioneers breakfast session on Tuesday, March 5 at 7:30am

Innovation Pioneer Talk presentation on Wednesday, March 6 at 11:30am

Where:
The Hilton Americas - Houston, Texas

About GlassPoint:
GlassPoint is the leading provider of solar steam generators to the oil and
gas industry.When used for Enhanced Oil Recovery (EOR), GlassPoint solar
steam generators reduce natural gas consumption by up to 80%,redirectinggas
resources to higher value applications such as electricity generation and
export. GlassPoint's solar EOR solution delivers steam at costs competitive
with gas-fired steam generation, enabling producers toeconomicallyrecover
more oil. GlassPoint drives lower costsby enclosing
lightweightcomponentswithin a glasshouse to seal the system from sand, dust,
dirt and high humidity typical of oilfield environments throughout the world.
The company is headquartered inFremont, Californiawith offices
inBakersfield, California, Muscat, Oman and Shenzhen, China. For more
information, visit glasspoint.com.

Contact:

Antenna Group for GlassPoint
Katie Struble, 415-977-1928
glasspoint@antennagroup.com
 
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