247Solar develops high-temperature modular solar power systems that utilize concentrated solar power (CSP) technology to generate clean electricity and industrial-grade heat continuously, regardless of weather conditions. Their HeatStorE™ technology converts excess renewable energy into ultra-high-temperature heat stored in sand, providing a cost-effective solution for long-duration energy storage without the need for batteries.
Funding
$12.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional solar power systems face challenges in providing continuous, reliable energy due to weather dependency and the high cost of energy storage. This intermittency limits their applicability for baseload power, industrial processes requiring constant heat, and green hydrogen production through electrolysis.
Solution
247Solar offers a high-temperature concentrated solar power (CSP) system that delivers continuous clean electricity and industrial-grade heat, regardless of weather conditions. The 247Solar Plant captures solar energy at high temperatures (970°C) and stores it in ceramic pellets or sand using HeatStorE technology, providing thermal energy storage for up to 20 hours. This stored heat drives a proprietary Heat2Power turbine, generating electricity without combustion or emissions. The modular and scalable design allows for phased deployment and integration with other renewable sources like PV and wind, enabling 24/7 operation for microgrids, industrial facilities, and green hydrogen production.
Target Audience
The primary target audience includes off-grid mines, industrial facilities requiring continuous heat and power, microgrid developers, and companies involved in green hydrogen production.
Features
- Ultra-high-temperature (UHT) concentrated solar power (CSP) technology capturing solar energy at 970°C
- HeatStorE thermal energy storage system using ceramic pellets or sand for long-duration storage (up to 20 hours)
- Heat2Power turbine converting stored heat into electricity without combustion or emissions
- Modular and scalable design allowing for phased deployment and capacity adjustments
- Ability to provide both electricity and industrial-grade heat (250°C
- 1000°C) for combined heat and power (CHP) applications
- Compatibility with various fuels, including natural gas and 100% hydrogen, for turbine operation
- Integration with PV, wind, and conventional batteries for hybrid microgrid solutions
- Waste heat to power (W2P) capability, converting high-temperature industrial exhaust into electricity