☀️ Solar Startup GlassPoint Lands $8 Million After a Reboot
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.