ESG Today reports that 2009-founded GlassPoint manufactures solar power-based steam generators that can replace the systems powered by fossil fuels which are being used by some industry members today.

Company officials claim that their solution is the only one that's been validated to date to truly reduce the emissions coming from heat-intensive manufacturers.

Rod MacGregor, GlassPoint CEO and founder, said that "every major industrial company is reassessing their supply chain, and GlassPoint provides the most cost-effective option to reduce carbon emissions immediately by delivering renewable heat at the scale they need."

The investment, officials added, will support the startup's growth, as well as helping other companies in hard-to-abate industries to lower their carbon footprint.

Photo source: GlassPoint