GlassPoint Solar

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GlassPoint Solar is a private company founded in 2009 that designs and manufactures solar steam generators that use solar thermal technology to generate steam for enhanced oil recovery (EOR).

GlassPoint Solar
Private
Industry Oil & Gas, Solar
Key people
 Rod MacGregor (CEO)
Number of employees
 50-100
Website glasspoint.com

Overview

File:GlassPoint Amal EOR Project.jpg
7MW Solar EOR project in Amal, Oman
File:GlassPoint Amal EOR Steam.jpg
Generating steam for EOR using concentrated solar power

GlassPoint’s enclosed trough technology encloses lightweight mirrors in a standard agricultural greenhouse, concentrating the sun’s energy to heat water and create steam. The steam is then injected in an oil reservoir to aid the extraction of heavy crude.[1] The company’s solar thermal technology uses trough-shaped mirrors, standard piping and a glasshouse structure.[2] By using the enclosed trough architecture, GlassPoint claims it can produce emission-free steam for two to three times less than competing concentrated solar power technologies, such as the power tower and linear fresnel.[3] The company is based in Fremont, California, with offices in Bakersfield, California, Muscat, Oman, Kuwait City, Kuwait and Shenzhen, China.

In December 2012, GlassPoint announced $26 million in Series B financing. Investors in the round included Royal Dutch Shell, RockPort Capital, Nth Power and Chrysalix Energy Venture Capital.[4]

In September 2014, GlassPoint announced $53 million in Series C financing. Investors in the round included Royal Dutch Shell, State General Reserve Fund of Oman, RockPort Capital, Nth Power and Chrysalix Energy Venture Capital. [5]

To date, GlassPoint has a total of $86.7 million in funding. [6]

In July 2015, GlassPoint announced a deal worth $600 million with Petroleum Development Oman to build one of the world's largest solar projects, named Miraah, meaning "mirror" in Arabic. [7]

Projects

Berry Petroleum

The world's first solar EOR project, operated by Berry Petroleum Company in Kern Country, CA, USA.

In 2011, GlassPoint deployed the world’s first commercial solar EOR project at an oil field operated by Berry Petroleum in Kern County, Calif., USA.[8] Built in less than six weeks, the system uses the sun’s radiant heat to produce approximately 1 million British Thermal Units (Btus) per hour of solar heat. GlassPoint partnered with local firms TJ Cross Engineers and PCL Industrial Services to construct the system, which spans 7,000 square feet of land on the 100-year-old oilfield. The enclosed trough system preheats water to 190°F used as feedwater for Berry Petroleum’s gas-fired steam generators.

Petroleum Development Oman

File:GlassPoint Solar PDO EOR Project.jpg
A solar enhanced oil recovery project commissioned by Petroleum Development Oman

In May 2013, GlassPoint commissioned the Middle East's first solar EOR project, a 7MWth system developed in partnership with Petroleum Development Oman (PDO), the largest oil company in the Sultanate of Oman. The system produces an average of 50 tons of emissions-free steam daily.[9] This system is now in daily operation generating an average of 50 tons of emissions-free steam per day that feeds directly into existing thermal EOR operations at PDO’s Amal West oilfield.[10]

The system was completed on time, on budget, and with no Lost Time Injuries demonstrating GlassPoint and PDO’s shared commitment to health, safety, security and the environment (HSSE). During the first 12 months of operations, actual performance of the GlassPoint system matched output models within a few percent and steam production continues to exceed contracted performance targets. The system recorded 98.6% uptime and maintained regular operations during severe dust and sand storms. The automated roof-washing unit proved particularly effective in all weather events, restoring system performance overnight.[11] The project is serving as a performance and operational baseline for larger steam generators in Oman and is providing PDO with valuable information for planning potential large-scale projects in the future.

In July 2015, Petroleum Development Oman and GlassPoint Solar announced that they signed an agreement to build a 1 GWth solar field. The project, named Miraah, will be the world's largest solar field measured by peak thermal capacity. [12]

In-Country Value

File:Workers at the GlassPoint Amal EOR project.jpg
New supply chains associated with solar EOR industries can generate local employment

GlassPoint claims its technology can help oil operators free natural gas currently burned for EOR by up to 80%. This gas can be redirected to higher value applications, such as desalination, industrial development or export as LNG, thus increasing economic well-being. New supply chains associated with solar EOR industries can generate significant societal value as well. For example, a recent Ernst & Young report confirmed that full-scale solar EOR deployment in Oman could create thousands of direct, indirect and induced jobs in Oman alone. Additionally, solar EOR can inject more than US$12 billion to the Omani GDP over the next decade and save half a billion cubic feet (BCF) of gas per day. Solar EOR can generate similar economic benefits in other countries producing heavy oil with abundant sunlight and scarce natural gas resources.[13]

Awards

  • Platts Global Energy Awards 2011. Commercial Technology of the Year Award[14]
  • Oil & Gas Middle East Awards 2013. Enhanced Oil Recovery Award[15]
  • MEED Quality Awards 2014. Oman Sustainable Project of the Year[16]
  • MENASOL CSP Technology Innovation for MENA 2015[17]

See also

References

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  6. ↑ https://www.crunchbase.com/organization/glasspoint-solar
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External links

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