Solatom

solatom.com ↗ ·Valencia ·Series A

Solatom is a Valencian cleantech company that designs, manufactures and installs modular concentrated-solar (Fresnel) boilers that supply industrial process heat — steam, pressurised hot water and thermal oil — at up to ~450 °C and 30 bar, replacing fossil-fuel boilers in processes like pasteurisation, drying, fermentation, dyeing and cooking. Its pre-assembled modules ship in standard 20-ft container formats, and the company reports 20+ installations across Spain, Morocco, Saudi Arabia, Mexico, the USA and Australia, with clients including Heineken and Unilever. It raised a Series A in December 2020 in which Enagás Emprende, bp and Ship2B's Equity4Good vehicle (co-invested with the European Investment Fund) took stakes of around 7% each. It is headquartered in Valencia.

Founded
2016
Founders
3
Total funds raised
€2.2M+
Rounds
3
Investors
9
Last round
May 2024
SectorsEnergy & Climate, Deeptech & Hardware, Cleantech, Industrial Decarbonisation, Solar Thermal Start-up MapEnergy & Climate › Clean energy generation hardware

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Founders

Carlo Terruzzi
Co-Founder & CTO / Head of R&D
Miguel Frasquet Herraiz
Co-Founder & CEO
Raul Villalba van Dijk
Co-Founder & CFO

Global models 5

Exowatt
United States · exowatt.com ↗
Builds modular, container-sized units that concentrate sunlight into stored heat and deliver on-site energy to heavy commercial users, which is close to Solatom's packaged solar-thermal modules.
~$90MComparable
Heliogen
United States · heliogen.com ↗
Makes concentrated-solar systems that give industrial sites high-temperature heat and steam to replace fossil fuels, which is the same model as Solatom.
~$110MComparable
Rondo Energy
United States · rondo.com ↗
Sells equipment that turns solar and wind power into round-the-clock industrial steam and heat, directly replacing fossil boilers at plants such as food and beverage factories.
~$100MComparable
GlassPoint Solar
United States · glasspoint.com ↗
Makes enclosed trough solar fields that produce industrial process steam, first for oilfields and now for the aluminium and chemicals industries, as a like-for-like swap for gas boilers.
~$60MComparable
Absolicon
Makes and sells modular concentrating solar collectors and turnkey production lines that supply steam and hot water for industrial processes such as breweries and dairies.
~$15MComparable

In the same niche 28 others

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Notes: Most funded first

Investors 9

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Funding rounds 3

·1 not counted
DateRoundAmountLead
Not counted (1)

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