GlassPoint, Inc. (48C Self-Disclosed)

The GlassPoint project will reduce 760,000 metric tons of CO2 annually at a southern California industrial facility by using GlassPoint?s proprietary concentrating solar and thermal storage technology. The project will generate over 54% of the process heat requirement, reducing 760,000 metric tons per year of CO2, preserving 400 operational jobs and 400 indirect and induced jobs while delivering cost savings and environmental benefits.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.