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☀️ Solar Startup GlassPoint Lands $8 Million After a Reboot

📅 Date:

✍️ Author: Yuliya Chernova

🔖 Topics: Funding Event

🏢 Organizations: GlassPoint, 300PPM

A solar startup that has gotten a second lease on life is back with a new strategy aimed at helping it better cope with future downturns. 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. Former Australian Prime Minister Malcolm Turnbull participated in the financing, along with Tomas Sigurdsson, former chief operating officer of Alcoa.

Read more at Wall Street Journal