247Solar, Inc
Renewable Energy Power GenerationVirginia, United States11-50 Employees
247Solar, an MIT spin-out, is commercializing an innovative solution for clean, industrial process heat and baseload renewable energy. We reduce customers’ costs and carbon emissions in some of the fastest growing decarbonization markets: mines, industrial CHP, data centers, and green hydrogen. The Company finances, owns, builds, and operates its projects through SPVs to deliver zero/low-carbon heat and electricity, 24 hours a day, on a PPA basis. Modular, scalable, and factory-produced, 247Solar solutions fulfill the promise of round-the-clock renewables for uninterrupted, highly reliable clean energy. More than $24 million has been invested in 247Solar technology to date, including $6 million from the US Department of Energy. The Company is currently undertaking a Series B capital raise of $25 million. Near term project pipeline totals more than $200 million.
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