Solatom plans overseas expansion with backing from energy giants, impact investor

Source: Solatom

With a US patent in hand, the Valencian startup is banking on international sales of its concentrated solar power modules, targeting €1m in revenue by end-2021

Solatom, the Valencia startup developing concentrated solar power (CSP) modules for small and medium-sized factories, has recently raised an undisclosed capital injection from energy giants bp ventures and Enagás as well as impact investor and accelerator Ship2B. The objective is to establish Solatom’s presence at the national level to further scale and export its clean energy solution. Launched in 2016, Solatom’s installations for direct and indirect steam generation are innovative and unique in the sector with only few competitors in the world. The startup has become a target for invest...
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