Factory-built modular system
247Solar’s system delivers both high-temperature process heat and on-demand clean electricity by capturing and storing solar energy for use at any time. The company says the approach enables industrial operators to meet heat and power needs simultaneously, while reducing exposure to volatile fossil fuel costs. The design is modular and factory-produced, allowing deployment in remote locations and emerging markets where grid constraints can be significant.
The company reports that its technology is being considered across sectors such as mining, data centres, hydrogen production and desalination, alongside interest from electric utilities. Its current and near-term pipeline includes projects in Africa, India, Europe, Australia, South America and North America.
Funding to support scaling and new product development
New capital raised in the company’s Series B round will be used to expand its energy-as-a-service model, enabling 247Solar to build, own and operate systems under long-term agreements. Additional focus areas include reducing manufacturing costs, progressing commercial deployments and advancing a larger 3.5 MW solution planned for engineering completion in 2026.
The company is also developing an industrial thermal battery designed to store heat and electricity sourced from solar PV, wind or the grid, providing an additional option for clean thermal energy supply.
Industry perspective
Chief Executive Bruce Anderson said the company aims to address one of the most difficult challenges in industrial decarbonisation. “247Solar exists to close the industrial clean energy gap—by delivering reliability, cost-savings, and round-the-clock performance that PV solar alone can’t match,” he said.
