SolarReserve is a venture-backed renewable energy company founded in 2007 with a focus on advanced solar thermal storage technology. The company's slogan, "Harnessing the sun to provide clean, reliable energy, around the clock," underscores its commitment to addressing the scalability and storage challenges of renewable energy. Unlike other renewable technologies reliant on limited fuel sources, SolarReserve's power plants utilize the sun's heat, ensuring a consistent and dependable energy supply. This sets them apart from wind and photovoltaics, as their power plants can deliver electricity on demand, even during peak periods. In October 2018, the company secured a $2.00M grant investment from the US Department of Energy, underscoring its potential in the Energy and Renewable Energy industries.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $2.00M | 1 | US Department of Energy | 25 Oct 2018 |
Funding Round | Unknown | - | 01 Dec 2016 | |
Debt Financing | $19.39M | - | 23 Sep 2015 | |
Venture Round | $27.00M | - | 24 Oct 2011 | |
Venture Round | $15.00M | 4 | US Renewables, Good Energies | 26 Aug 2011 |
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