Glasspoint Gets $53 Mln Financing Led by Shell, Oman
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Glasspoint Solar Inc., a closely held producer of solar equipment used for enhanced oil recovery, received $53 million from a group of investors led by Royal Dutch Shell Plc and Oman’s largest sovereign wealth fund.
The funds will be used to accelerate the deployment of Glasspoint’s solar-steam generators in Oman, the Fremont, California-based company said today in a statement. Existing investors Chrysalix Energy Venture Capital, Nth Power and Rockport Capital also contributed to the equity round.