Press Release Published on June 13, 2022, on PV Tech
The solar industry is evolving rapidly, and with it comes an increasing need for smarter, faster ways to identify and assess potential project sites. That's why we're excited to share that Glint Solar has secured $3 million in seed funding from a consortium of forward-thinking investors, including Statkraft Ventures, Momentum, and Wiski Capital.
But what does this mean for solar developers like you?
The funding reinforces what we've been hearing from our customers: the traditional approach to solar site selection isn't keeping pace with market demands.
As our CEO Harald Olderheim pointed out in the article, many developers still rely on reactive methods - waiting for leads, hiring expensive consultants, or using basic tools like Google Maps. In today's competitive landscape, this approach simply isn't enough.
The investment will accelerate our mission to solve one of the industry's most pressing challenges: efficient and accurate site identification.
What does this mean for utility-scale solar development? In practical terms, the software enables developers to:
- Identify specific areas of interest efficiently
- Screen large geographic areas systematically
- Locate grid connection points
- Conduct thorough technical analyses
- Streamline internal workflows
Looking ahead
As our CEO Harald Olderheim notes, "Solar energy is becoming very cost-efficient, which means there is increasing competition to secure attractive project sites." This funding will help us expand our reach and continue developing features that give our users a decisive competitive advantage.
We're grateful for the trust placed in us by Statkraft Ventures, Momentum, and Wiski Capital, along with our existing shareholders. Their investment validates our vision of becoming the global standard for early-phase solar development."
What this means for our users
This funding will directly benefit our users through:
- Enhanced site analysis capabilities
- Expanded geographic coverage
- More detailed technical assessments
- Improved workflow integration tools
Stay tuned for exciting updates as we continue to evolve our platform.
Want to learn more about this news? Read the full article on Pvtech.org here: Glint Solar raises US$3m for machine learning-based solar siting technology
Ready to see how Glint Solar can transform your site selection process? Book a demo today!
