Great Falls, Virginia; December 1, 2025<\/strong> \u2013 247Solar, the MIT-born innovator of clean, always-on industrial heat plus electricity for commercial and industrial customers, today announced the launch of a $25 million Series B capital raise.<\/p>\n\n\n\n Aimed at accelerating project deployment and advancing 247Solar\u2019s breakthrough solution to global markets, the round has already secured $3.5 million from existing investors, with additional commitments under active due diligence.<\/p>\n\n\n\n The new funding will help the company advance its $250M active pipeline on six continents that includes a Top-20 global utility, off-grid mining operations, and other applications.<\/p>\n\n\n\n The Company has retained MaxEn Capital Advisors to advise on the offering. MaxEn Capital Advisors has a long history of providing technical and financial consulting in the energy space, with expertise in project finance, project development and capital structuring.<\/p>\n\n\n\n \u201cWith it\u2019s unique ability to decarbonize high-temperature industrial heat while also providing clean electricity, 247Solar addresses one of the biggest challenges in industrial decarbonization,\u201d says Howard Margulis, MaxEn\u2019s Senior Managing Director. \u201cWe look forward to bringing the Company together with investors and funding sources that also realize the enormous potential of this technology.\u201d<\/p>\n\n\n\n Solving industry\u2019s hardest energy challenge<\/strong><\/p>\n\n\n\n Industrial companies worldwide face the urgent need to decarbonize their energy use \u2014 without sacrificing reliability, cost, or performance. And 60% of industrial energy use across sectors is to produce heat, not power, typically by burning fossil fuels.<\/p>\n\n\n\n 247Solar\u2019s factory-built, modular system uniquely solves this challenge, harnessing the sun\u2019s energy to offer highly reliable, high-temperature process heat and also around-the-clock clean electric power.<\/p>\n\n\n\n By addressing their power and heat needs simultaneously, customers can cut their energy bills by 25% or more and reduce carbon emissions by as much as 95%. In addition, 247Solar solutions typically increase reliability and improve performance.<\/p>\n\n\n\n Funding use and next milestones<\/strong><\/p>\n\n\n\n With origins at MIT and more than 40 patents globally, 247Solar\u2019s next-generation platform has attracted attention across mining, data center, hydrogen, and desalination markets, as well as electric utilities.<\/p>\n\n\n\n The company\u2019s pipeline and near-term projects span Africa, India, Europe, Australia, and South America, as well as North America \u2014 including emerging markets that tend to be forgotten \u2014 with project values from $5 million to over $500 million.<\/p>\n\n\n\n The Series B capital will fund:<\/p>\n\n\n\n 247Solar anticipates its industrial heat-plus-power technology to rapidly expand as the PV solar, battery energy storage, and wind energy markets have before.<\/p>\n\n\n\n A decisive moment for industrial energy capacity<\/strong><\/p>\n\n\n\n \u201c247Solar exists to close the industrial clean energy gap\u2014by delivering reliability, cost-savings, and round-the-clock performance that PV solar alone can\u2019t match,\u201d said CEO Bruce Anderson. \u201cWith this Series B, we\u2019re scaling what we believe will become the industry standard for decarbonizing the world\u2019s toughest energy loads.\u201d<\/p>\n\n\n\n About 247Solar<\/strong><\/p>\n\n\n\n 247Solar offers modular, always-on renewable power and heat to industrial and infrastructure customers globally. With a platform based on MIT innovation and a deep portfolio of IP, the company enables customers to progress toward net-zero with economic competitiveness and high reliability.<\/p>\n","protected":false},"excerpt":{"rendered":" To scale around-the-clock industrial heat and electricity for C&I sector Great Falls, Virginia; December 1,…<\/p>\n","protected":false},"author":2,"featured_media":767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company"],"_links":{"self":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/comments?post=907"}],"version-history":[{"count":1,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/907\/revisions"}],"predecessor-version":[{"id":908,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/posts\/907\/revisions\/908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/media\/767"}],"wp:attachment":[{"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/media?parent=907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/categories?post=907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.esplaza.com.cn\/index.php\/wp-json\/wp\/v2\/tags?post=907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n