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GlassPoint and MISA unveil the next phase of development for the GlassPoint Ma'aden Technology Showcase

Nov 26, 2024•over 1 year ago

Contract Type

partnership

New YorkManufacturingEnergyRenewable EnergySolar

Description

GlassPoint, in partnership with MISA, has unveiled the next phase of development for the GlassPoint Ma'aden Technology Showcase, which is the first stage in building the world's largest industrial solar thermal project, Ma'aden I, a $1.5B project. They will also be constructing a state-of-the-art solar manufacturing facility in the Kingdom.

Company Information

Company

GlassPoint

Location

New York, New York, United States

About

GlassPoint is the leader in solar industrial process heat, with its technology powering 60% of the world's solar industrial steam capacity. With the only solar industrial process heat solution proven at scale, GlassPoint delivers superior unit economics compared to fossil fuels and electrification. GlassPoint is helping industrial organizations significantly lower costs while delivering a reliable source of carbon-free steam. The company builds, owns and operates large-scale solar steam facilities to reduce carbon emissions in hard-to-abate industries such as mining and metals, chemicals, construction materials, oil and gas, desalination and more.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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