FREMONT, Calif.--(BUSINESS WIRE)--GlassPoint Solar, the global leader in solar enhanced oil recovery (EOR), today announced it has been selected as an Energy Innovation Pioneer by IHS CERA, one of the world’s leading energy research firms. Pioneers will be recognized at CERAWeek 2013, March 4-8 in Houston, TX, where GlassPoint CEO Rod MacGregor will present on the advantages of using solar steam generators to expand oil production in gas-constrained regions.
The Energy Innovation Pioneers program honors innovative and distinctive new technologies transforming the energy future. GlassPoint and its Enclosed Trough technology for solar EOR were chosen among a field of 250 candidates by IHS technical experts for its creativity, feasibility of plan, scalability of technology and leadership team. As part of the program, MacGregor will host a breakfast session on Tuesday and a formal presentation on Wednesday afternoon to discuss how low-cost, emissions-free solar steam can boost heavy oil production.
GlassPoint is backed by supermajor Royal Dutch Shell plc group, and leading energy investors RockPort Capital, Nth Power and Chrysalix Energy Venture Capital. The company currently has two commercial-scale EOR projects, one in Kern County, California on a field owned by Berry Petroleum and a 7MW project in Southern Oman for Petroleum Development Oman.
Rod MacGregor, CEO & President of GlassPoint Solar, the global leader in solar EOR.
MacGregor will be participating in the Energy Innovation Pioneers program, which includes a breakfast session and Innovation Pioneer Talk at CERAWeek 2013. CERAWeek is the leading gathering of senior energy decision-makers from around the world, with keynote presentations from the CEOs of Saudi Aramco, ConocoPhillips and BP.
During the sessions MacGregor will discuss:
- Using the sun’s thermal energy to generate steam for heavy oil production from California to the Middle East.
- How solar steam generation can reduce natural gas burned in EOR operations by up to 80 percent, releasing gas resources for higher value applications such as electricity generation and export.
- GlassPoint’s Enclosed Trough design, which uses a glasshouse enclosure to protect the system from high winds, sand and dust common of oilfield environments and reduces land use and operating costs.
Energy Innovation Pioneers breakfast session on Tuesday, March 5 at 7:30am
Innovation Pioneer Talk presentation on Wednesday, March 6 at 11:30am
The Hilton Americas - Houston, Texas
GlassPoint is the leading provider of solar steam generators to the oil and gas industry. When used for Enhanced Oil Recovery (EOR), GlassPoint solar steam generators reduce natural gas consumption by up to 80%, redirecting gas resources to higher value applications such as electricity generation and export. GlassPoint's solar EOR solution delivers steam at costs competitive with gas-fired steam generation, enabling producers to economically recover more oil. GlassPoint drives lower costs by enclosing lightweight components within a glasshouse to seal the system from sand, dust, dirt and high humidity typical of oilfield environments throughout the world. The company is headquartered in Fremont, California with offices in Bakersfield, California, Muscat, Oman and Shenzhen, China. For more information, visit glasspoint.com.