GlassPoint is the leading provider of solar steam generators to the oil and gas industry for applications such as Enhanced Oil Recovery (EOR). Oil operators worldwide deploy EOR to boost well productivity by up to 300 percent. By replacing gas-fired steam generation with solar, GlassPoint can reduce EOR gas consumption by up to 80 percent. The gas saved can be exported as LNG or redirected to the private sector to promote economic growth and job creation. GlassPoint’s projects operate in global markets ranging from the Middle East to California. The company is backed by strategic investors Royal Dutch Shell and the State General Reserve Fund, the largest
sovereign wealth fund in the Sultanate of Oman.