247Solar, the MIT-born clean energy innovator, announced a $25 million Series B funding round aimed at scaling its always-on industrial heat and electricity solutions for commercial and industrial (C&I) customers worldwide. Existing investors have already committed $3.5 million, with additional capital under active due diligence.
Founded on a vision to decarbonize the hardest-to-abate industrial energy, 247Solar offers a factory-built modular platform that simultaneously delivers high-temperature process heat and round-the-clock clean electricity. By addressing both heat and power needs, the solution promises cost reductions exceeding 25% and carbon emission cuts of up to 95%, while enhancing reliability and operational performance.
Bruce Anderson, CEO of 247Solar, highlighted the opportunity: “247Solar exists to close the industrial clean energy gap—by delivering reliability, cost-savings, and round-the-clock performance that PV solar alone can’t match. With this Series B, we’re scaling what we believe will become the industry standard for decarbonizing the world’s toughest energy loads.”
The company’s active project pipeline exceeds $250 million across six continents, spanning utilities, off-grid mining operations, hydrogen facilities, data centers, and desalination plants. With over 40 patents, 247Solar is expanding its platform with a new 3.5 MW solution and developing an industrial thermal battery capable of integrating solar, wind, and grid energy.
Howard Margulis, Senior Managing Director at MaxEn Capital Advisors, which is advising the offering, emphasized the technology’s potential: “With its unique ability to decarbonize high-temperature industrial heat while also providing clean electricity, 247Solar addresses one of the biggest challenges in industrial decarbonization.”
Editorial perspective:
247Solar’s approach represents a rare convergence of technical innovation and market readiness. Unlike intermittent renewable solutions, its platform provides predictable, always-on energy, a crucial requirement for industrial users in emerging and developed markets alike. The modular, factory-built design allows for rapid deployment, and the company’s focus on cost reduction signals strong potential for broad adoption.
Moreover, the industrial decarbonization sector is poised for exponential growth as companies face both regulatory pressures and cost incentives to shift from fossil fuels. 247Solar’s technology could establish itself as the default for industries that cannot compromise on heat or electricity continuity, from mining to advanced manufacturing.
With global energy markets increasingly prioritizing sustainability, 247Solar stands at the intersection of innovation, operational reliability, and carbon impact—positioning the company as a key player in redefining industrial energy infrastructure.
If you need further assistance or have any corrections, please reach out to editor@thetimesmag.com.
