Solar thermal technology company Sopogy has closed its Series E round of preferred stocks and warrants led by Mitsui & Co, for an undisclosed amount.
New investors Southern California Gas Company, 3M and other strategic players joined the round as well as existing investors Kolohala Ventures and Enerdigm Ventures.
Sopogy has pioneered the concept of micro concentrated solar power using mirrored concentrating solar thermal solar collectors to create thermal heat, which can then be used in the industrial process and as solar steam.
Wataru Ebata, general manager, principal investment division, Mitsui, said, “Sopogy is bringing us closer to a future where steam and industrial heat is generated by the sun, replacing fossil fuels. We are proud to support Sopogy in that mission.”
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