Today we're thrilled to announce an $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures, and Antler!
This milestone, which has also been featured in TechCrunch, underscores our commitment to transforming solar development processes globally.
The solar power industry has seen record growth over the last few years, with the annual global solar PV capacity increasing by 87% between 2022 and 2023. However, more still needs to be done to achieve the goals established in the Paris Agreement. We are accelerating the adoption of solar power and mitigating climate change through our SaaS platform, which enables Solar Developers to evaluate and pre-design sites in a matter of minutes.
We founded Glint Solar because we recognized that while solar is one of the most efficient and cost-effective ways of curbing the climate crisis, projects move too slowly. With 73% of solar development companies’ time spent on projects that don’t make it to the permitting stage, there is an urgent need for better tools and insights on solar development. We are committed to making solar development faster and less error-prone by building the world’s leading development platform for solar and BESS.
Jonathan Lerner, Partner at Smedvig Ventures said: "The solar industry has done a great job at developing ways to harvest green energy, but now we need better processes to get these plans in motion. This is the gap that Glint Solar is filling. As one of the first unified products for utility projects on the market, Solar Developers, Engineers, Analysts and Management can find everything they need to locate the best land spaces quickly and accurately."
We are proud to support companies like Turn Energy, Statkraft, E.ON, Recurrent Energy, and many more across the 35+ countries where our customers work. We believe in a partnership model where we focus on understanding our customers’ challenges and come up with the best solutions. This we have come to see is a true win-win model.
"The Glint Solar software has significantly boosted our development processes by having a centralized platform where we can evaluate buildability, permit conditions, and yield as early as in the origination process. It has effectively allowed us to 3x our project pipeline and reduce development costs. We're very excited to follow Glint Solar's continued innovations in the solar software space." - Gustav Alberius, Chief Strategy Officer, Turn Energy.
This latest investment will be used to expand both our product offerings and enter new markets, serving both existing and new solar developers. Looking ahead to 2025, we will continue to drive disruption among solar developments with best-in-class insights and tools to ‘get it right from the beginning’, and also extend our software to include BESS development.
We have so far built a fantastic team of dedicated colleagues from 15 different nationalities. We believe in hiring a diversity of backgrounds who come together and roll up our sleeves to build a generational-changing product. For the next 12 months, we’re accelerating and planning to double our team. If our mission excites you, visit our career page or get in touch with us to learn more about what profiles we are looking for as part of our global expansion.