GlassPoint Solar helps cats sleep with dogs as a leading supplier of solar to the oil and gas industry. For its efforts, the company was named one of the World Economic Forum’s Technology Pioneers, a selection of the world’s most innovative companies. GlassPoint was selected by an expert committee for its development of a solar energy solution that delivers low-cost steam used to produce crude oil more sustainably and economically. This recognition is a nod to the ways traditional and renewable energy can converge.
“Our solar technology was specifically designed to meet the needs of one of the world’s largest consumers of energy—the oil and gas industry itself,” said GlassPoint President and Chief Executive Rod MacGregor. “By integrating alternative energy and traditional energy, the world can benefit from substantial carbon savings while deploying renewable energy at unprecedented scale.”
The World Economic Forum’s Technology Pioneers program was started in 2000 to recognize global companies that can significantly impact business and society through new technologies. GlassPoint was selected from among hundreds of candidates to join a special group of companies with transformative solutions across the IT, health, energy, environment, food and financial services sectors. Previous recipients of the honor include Google, Twitter, SoundCloud and Airbnb.
Technology Pioneers will also participate in the World Economic Forum Annual Meeting 2017 in Davos-Klosters, Switzerland.
The company’s solar steam generators harness sunlight to produce steam for the process of extracting heavy oil, replacing natural gas typically burned to generate steam. GlassPoint’s solar oilfield projects are unlocking a tremendous opportunity to deploy solar energy in the global oil and gas industry.
In the past five years, GlassPoint has gone from commissioning the world’s first commercial solar enhanced oil recovery (EOR) project to building one of the largest solar projects of any kind. Last year, GlassPoint partnered with Petroleum Development Oman (PDO), the largest producer of oil and gas in Oman, to build Miraah, which will generate in excess of one gigawatt of solar thermal energy.
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