Venture Capital News

GlassPoint secures funding for solar Enhanced Oil Recovery

GlassPoint Solar, a provider of solar steam generators for enhanced oil recovery, has received $3.5 million in a financing round led by Chrysalix Energy Venture Capital. The funding will accelerate the commercialization of GlassPoint’s solar steam technology and will finance the deployment of a solar EOR demonstration plant in Bakersfield, Calif.

Notable energy industry figure Matt Simmons dead at 67

Matt R. Simmons, founder and former head of Simmons & Co. International, passed away from an apparent heart attack on Aug. 8 at his home in Maine.

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